The market remains focused on when the Fed will continue raising interest rates, a campaign it started in December 2015. However, economic data may be causing the Fed to re-think its rate trajectory. One data series I’ve been keeping an eye on is the interest rate on the 30-year mortgage. Since the Fed increased rates…

Continue reading

In late 2008, the Federal Reserve took the unprecedented step of lowering interest rates to near zero. But when will this near-zero environment end? Your guess is as good as mine, but one thought is certain: rates remain at historically low levels. Some are calling for the Fed to raise interest rates this year, but…

Continue reading