September 19th, 2025 3:04 PM by T. Fanning
Hi there, I hope all is well!
The Fed cut rates by a quarter-point, and their “dot plot” (a chart showing what Fed officials expect for future rates) hinted at two more cuts this year. At first, bonds improved, but things turned around once Fed Chair Jerome Powell spoke. He downplayed the dot plot, sounded less supportive of more cuts, and gave mixed answers about what’s next. Because of that, rates actually ticked up a bit, even though the cut itself was already expected and built into mortgage rates.
Next week could bring some movement in mortgage rates. Early on, several Fed officials—including Chair Powell on Tuesday—will be giving speeches that may offer clues about future policy. The bigger focus comes later in the week, with an important inflation report due Friday morning that could heavily influence where rates go next.
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