Unexpectedly Strong Job Gains Across the Board
With the release of last week’s Employment report, the United States reported unexpectedly strong job gains across the board.
75-Basis Point Increase Matches Largest Since 1994
Although this week’s Federal Reserve meeting revealed no surprises, the Fed launched its 75-basis point increase. Notably, this federal funds rate hike matches the largest since 1994.
June 2022 Mortgage Markets: Rates Achieve Highest Levels Since 2008
Looking back towards June 2022 mortgage markets, the Federal Reserve remains committed to combatting inflation.