Analysts who had generally welcomed the Fed’s decision to leave interest rates unchanged in September are now debating whether policy makers will hit the pause button again when the Federal Open Market Committee (FOMC), the Fed’s policy-setting arm, meets October 31-November 1. Most are predicting that another rate hike is likely, perhaps not at the next meeting, but before the end of the year.
Real estate industry professionals describe a balanced market as the ideal, with buyers and sellers evenly matched, neither having a strong advantage over the other and both willing to compromise to produce a sale. The current market reflects a balance of sorts, but not a healthy one.
Baseball season hasn’t begun yet, but the Federal Reserve is dealing with a sweeping curve ball delivered by the sudden failures of three banks. The first – Silvergate – a California-based lender specializing in the crypto market – didn’t attract much notice.
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