Perspectives
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The Fed Report: June 2024
- At its June meeting, the FOMC voted unanimously to maintain the target range for the Federal Funds Rate at 5.25-5.50% for the seventh consecutive meeting.
- As expected, the Fed maintained its measured and economic data-dependent approach to monetary policy.
- Economic data reports to be issued prior to the next Fed meeting on July 30-31 could provide the Fed the confidence it is seeking that inflation is sufficiently contained. A rate cut in September could be possible if inflation data continues to trend lower and the labor market continues to move into better balance.
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Why Agency MBS: Market Snapshot
Read MoreAgency MBS assets benefit from compelling fundamentals and favorable attributes that make them a critical building block of any investment portfolio.