The Fed Takes Subprime Woes in Stride
Rising interest rates threaten to force loads of homeowners with subprime mortgages into foreclosure. The Federal Reserve could have relieved the pressure on those homeowners by lowering rates on June 28. But it didn't, leaving the federal funds rate at 5.25%, right where it's been since last summer.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’