The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
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In a 1995 interview, I asked Milton Friedman whether "it would be preferable to abolish the Fed entirely and just have ...
I was very successful. And I think I have a better instinct than, in many cases, people that would be on the Federal ...
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