Page 2 - More Fed News Today

A central bank governor and president spoke in favor of a 0.75 percentage point rate increase this month, even as recession worries abound.

For buyers, higher interest rates mean less home for the money. But the market may benefit if those rates create a better balance between the number of buyers and sellers.

Higher interest rates could potentially help alleviate some of the inventory pressures confronting homebuyers as tight supplies and low mortgage interest rates have spurred significant demand.

Since November, the bears have been coming after stocks with distant cash flows whenever rates have headed higher, owing to the math behind discounting future values to the present.

James S. Brady Press Briefing Room 11:07 A.M. EST MS. PSAKI: Hi, everyone. Good morning. Okay, so we don’t have a long time this morning because of a

James S. Brady Press Briefing Room 11:07 A.M. ESTMS. PSAKI:  Hi, everyone.  Good morning.  Okay, so we don’t have a long time this morning