What will the Federal Reserve do Wednesday. We have some insight.

Former Fed Vice Chair Donald Kohn: “We are at a point where you might say, I could go either way – 25 or 50. but I think the risk management has shifted to the labor market and favors doing 50”.

When we look back, we can see that once rate cuts start, they tend to proceed rapidly.

Later today we will hear from Former Fed Vice Chair, Lael Brainard, now the Director of National Economic Council.

Her prepared remarks were released and highlights that “we have reached a milestone in the fight against inflation”.

How will this affect the mortgage rates? a picture is worth a thousand words. Mortgage rates have historically followed the Fed Rate.

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