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FOMC Statement: Key Fed Rate Unchanged; Policymakers Monitor Impact of Asian Flu Outbreak

by Racheli Refael | Jan 31, 2020 | Market Outlook

The Federal Open Market Committee of the Federal Reserve issued its scheduled post-meeting statement Wednesday. Policymakers unanimously decided to leave the target federal funds rate range unchanged at 1.50 to 1.75 percent. FOMC members reasserted previous views that...

FOMC Statement: Fed Holds Steady On Its Interest Rate Range

by Racheli Refael | Dec 11, 2019 | Market Outlook

The Federal Open Market Committee of the Federal Reserve announced its unanimous decision not to change to the current target federal funds range of 1.50 to 1.75 percent. The committee’s customary post-meeting statement said the decision not to change the...

Fed Policymakers Cut Key Rate Range by .25 Percent

by Racheli Refael | Sep 19, 2019 | Market Outlook

The Federal Reserve’s Federal Open Market Committee reduced its key short-term interest rate range one-quarter percent to 1.75 to 2.00 percent during it’s September meeting. While FOMC members had mixed opinions on reducing the benchmark rate range for...

Fed Lowers Key Interest Rate For First Time Since Great Recession

by Racheli Refael | Aug 6, 2019 | Federal Reserve

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as “quantitative easing.” The Fed committee confirmed a quarter-point...

Fed Holds Key Rate Steady As It Watches Economic Trends

by Racheli Refael | Jun 25, 2019 | Market Outlook

Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President’s encouragement to lower the Fed rate....

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Cornerstone First Mortgage, LLC NMLS#173855 

Racheli Refael NMLS# 64918

Branch address:
1471 NE 26th St. Suite 100
Fort Lauderdale, FL 33305

Call 954-800-0330

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