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Interest Rates Will Remain Elevated, According to NY Fed President
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“I expect that we will need to maintain a restrictive stance of policy for some time to fully achieve our goals,” said Williams. “It will only be appropriate to dial back the degree of policy restraint when we are confident that inflation is moving toward 2% on a sustained basis"...
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After a two-week period of decreases over the recent holiday season, mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024...
