{"id":1417,"date":"2024-05-24T12:45:52","date_gmt":"2024-05-24T19:45:52","guid":{"rendered":"https:\/\/julianalee.com\/blog\/?p=1417"},"modified":"2024-05-24T14:00:45","modified_gmt":"2024-05-24T21:00:45","slug":"fed-reserve-no-rate-cuts-planned","status":"publish","type":"post","link":"https:\/\/julianalee.com\/blog\/fed-reserve-no-rate-cuts-planned\/","title":{"rendered":"Fed Reserve &#8211; No Rate Cuts Planned"},"content":{"rendered":"\n<p>On May 1, 2024 <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomcminutes20240501.htm#:~:text=April%2030%2DMay%201%2C%202024,2024%2C%20at%209%3A00%20a.m.\">Federal  Reserve officials judged<\/a> that inflation had not cooled enough to reduce key interest rates. &#8220;&#8230; expectations for the timing of the first rate cut &#8211; which had been concentrated around June in the March surveys &#8211; shifted out significantly and became more diffuse.&#8221; &#8220;Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee&#8217;s 2 percent objective.&#8221;<\/p>\n\n\n\n<p>It appears that mortgage rates won&#8217;t change much this year unless something dramatic happens to change the economic health of the U.S.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"894\" height=\"1024\" src=\"https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart-894x1024.jpg?resize=894%2C1024&#038;ssl=1\" alt=\"\" class=\"wp-image-1418\" srcset=\"https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart.jpg?resize=894%2C1024&amp;ssl=1 894w, https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart.jpg?resize=262%2C300&amp;ssl=1 262w, https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart.jpg?resize=768%2C880&amp;ssl=1 768w, https:\/\/i0.wp.com\/julianalee.com\/blog\/wp-content\/uploads\/2024\/05\/pmms-chart.jpg?w=1146&amp;ssl=1 1146w\" sizes=\"auto, (max-width: 894px) 100vw, 894px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On May 1, 2024 Federal Reserve officials judged that inflation had not cooled enough to reduce key interest rates. &#8220;&#8230; expectations for the timing of the first rate cut &#8211; which had been concentrated around June in the March surveys &#8211; shifted out significantly and became more diffuse.&#8221; &#8220;Participants observed that while inflation had eased [&hellip;]<\/p>\n","protected":false},"author":790,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1417","post","type-post","status-publish","format-standard","hentry","category-mortgage-loan"],"jetpack_featured_media_url":"","uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Jeff - Juliana Lee Team","author_link":"https:\/\/julianalee.com\/blog\/author\/jeffrey-r-keller\/"},"uagb_comment_info":0,"uagb_excerpt":"On May 1, 2024 Federal Reserve officials judged that inflation had not cooled enough to reduce key interest rates. &#8220;&#8230; expectations for the timing of the first rate cut &#8211; which had been concentrated around June in the March surveys &#8211; shifted out significantly and became more diffuse.&#8221; &#8220;Participants observed that while inflation had eased&hellip;","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/users\/790"}],"replies":[{"embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/comments?post=1417"}],"version-history":[{"count":3,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1417\/revisions"}],"predecessor-version":[{"id":1421,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1417\/revisions\/1421"}],"wp:attachment":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/media?parent=1417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/categories?post=1417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/tags?post=1417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}