May 2, 2024By Dennis HollierFederal Reserve Prepares to Slow Balance Sheet ReductionThe Federal Open Market Committee this week announced lower caps for Treasury runoff and a tweak to its MBS activity.
May 2, 2024By Dennis HollierGSE Earnings Belied by Mortgage HoldingsProfits at Fannie Mae and Freddie Mac weathered a steady decline in mortgage purchases and shrinking mortgage holdings. (Includes data table.)
March 21, 2024By Dennis HollierFed Holds Rates Steady, Plans to Slow Runoff From Balance SheetThe Fed could start cutting rates in June, according to projections by industry analysts. The Fed is also moving toward slowing the runoff of its holdings of Treasury securities and MBS.