Fed likely to hold rates steady as Powell prepares for possible swan song - Reuters
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- Federal Reserve will keep the benchmark federal funds rate unchanged at 5.25%-5.50% in its June 12 meeting.
- Jerome Powell is expected to deliver what may be his final policy address, hinting at a possible exit after the June decision.
- U.S. Treasury 10‑year note yield rose to about 4.5% ahead of the policy week, reflecting market pricing of the Fed’s steady stance.
Why it matters: Mortgage lenders gain certainty as the Fed’s 5.25‑5.50% rate hold caps borrowing costs, while homebuyers lose the chance for faster rate cuts; higher Treasury yields push bond prices down, tightening credit markets.
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