The Federal Reserve’s inflation fight and the U.S. housing market
Written by Black Hot Fire Network on July 23, 2022
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars.
Then came record inflation, which drove the price of everything higher.
The U.S. Federal Reserve, though, is waging an intense fight against rising prices, using interest rates as its primary weapon.
A side effect of raising interest rates, though, is higher mortgage rates.
What's more, the Fed now owns $2.7 trillion of mortgage bonds, part of its plan to . . .
