by calculated risk March 18, 2024 07:24:00 PM
Although interest rates rose to their highest level in March today, most financial institutions are only microscopically worse off than they were Friday afternoon. In the bigger picture, interest rates have risen by about a quarter of a percentage point in just one week, which is a relatively rapid move.
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We already know that the Fed will not cut interest rates. It remains to be seen how they will adjust their interest rate outlook for the rest of the year. (Fixed for 30 years 7.11%)
Emphasis added
Tuesday:
• 8:30 a.m. ET; Number of housing starts For February. The consensus is 1.435 million SAAR, up from 1.331 million SAAR.