May 17, 2023 Interest Rate News

In this market update, we explore recent trends. Interest rates inched up due to ongoing debt ceiling uncertainty. Despite this, we remain hopeful, taking inspiration from Macklemore and Ryan Lewis: "We put our hands up like the ceiling can't hold us." The unresolved debt ceiling debate poses risks, contributing to rate volatility. Some positive news emerged from the banking sector, hinting at stabilization. Federal Reserve officials maintain a firm stance on rates, though June might bring a pause. Mixed signals from retailers add to market uncertainty. As the debt ceiling drama unfolds, significant rate improvements aren't expected, but watch for key developments ahead. Read More...

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