As anticipated, Chairman Powell maintained a rather hawkish tone Friday afternoon, citing unexpected economic strength in the third quarter as reason to stay vigilant on inflation. “We are attentive to signs that the economy may not be cooling as expected.” Powell said. The Fed, Powell said, is “prepared to raise rates further if appropriate and intend to hold policy … Read More
Fed Chairman Jay Powell is on the Hill delivering the Fed’s semiannual report on monetary policy to the Senate and House. He told the House Committee the Fed is likely to raise interest rates in the coming months but at a slower pace than they have moved over the past year, weighing the risk that the combination of their 10 … Read More
In a recent piece published by DS News, Gate House Digital CEO/President Dain Ehring discusses the role of Artificail Intelligence (AI) in mortgage lending decisions. Amidst significant momentum for the technology, Dain shares his insights on its increased usage within the mortgage market and opines that the “genie is out of the bottle.” Rather than looking backward, he argues it is time … Read More
