Market Commentary | June 22, 2018
FED RAISES RATES AGAIN; APPETITE STILL STRONG FOR HUD BACKED LOANS
The Fed recently raised rates for the second time in 2018 and signaled that two additional rate hikes were expected before year-end. Committee members noted continued strength in the labor market, household spending and business investment, with a slight uptick in inflation. The Fed acknowledged that inflation is moving closer to the Fed’s stated 2% target. (more…)