Fed Sees Soft Landing Ahead as Economy Strengthens, Mortgage Rates Ease
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The Fed sees signs of a soft landing for the economy. Projections show faster growth and lower unemployment than previously expected.
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Fed Chair Powell said quantitative tightening could ease "fairly soon," indicating it may taper those anti-inflationary measures before cutting interest rates.
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Leading indicators rose for the first time in 2 years, suggesting less economic headwinds ahead, though some persist.
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Mortgage rates waver just below 7% on 30-year fixed loans, up from last week but down from last year's peaks.
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Home sales jumped 9.5% in February with more inventory, the fastest pace since March 2023.