Posted To: MBS Commentary

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. TheFollowing a moderation in the pace of the recovery inthe recovery, indicators of economic activity andand employment has moderated in recent months, with weakness concentrated in thehave turned up recently, although the sectors most adversely affected by the pandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation.pandemic remain weak. Inflation continues to run below 2 percent. Overall financial conditions remain accommodative, in part…(read more)

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Published On: March 17, 2021 / Categories: Mortgage News /