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St. Louis Fed’s Musalem: The current interest rate level may be maintained “for some time,” and the Federal Reserve is prepared for “adjustments in both directions.”

St. Louis Fed’s Musalem: The current interest rate level may be maintained “for some time,” and the Federal Reserve is prepared for “adjustments in both directions.”

Federal Reserve officials are facing dual pressures from inflation and employment, with significant uncertainties rising in the policy path. St. Louis Fed President Alberto Musalem stated on Wednesday that the current interest rate level may remain appropriate for quite some time, but he would support adjusting policy rates in either
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Due to the impact of the Middle East situation, U.S. mortgage rates have risen to 6.57%, hitting a seven-month high, and refinancing activity has shrunk significantly.

Due to the impact of the Middle East situation, U.S. mortgage rates have risen to 6.57%, hitting a seven-month high, and refinancing activity has shrunk significantly.

``` US mortgage rates have risen for the fourth consecutive week, reaching a seven-month high, dealing another blow to the recovery momentum of the housing market. According to data released by the Mortgage Bankers Association (MBA) on Wednesday, the contract rate for 30-year fixed mortgages rose by 14 basis points to
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