For better or worse, the Fed's relationship to home loan rates isn't direct or immediate. "While the Fed certainly can influence mortgage rates, investors are the true movers," sa

U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation.

Key Takeaways The Federal Reserve’s dot plot showed that officials still see two more rate cuts coming in 2025 and another two in 2026, though expectations varied among members.The projections showed that Federal Reserve members were less confident about interest rate cuts than in December.