News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Rate Hikes around the Corner as Mortgages Continue Climb Above 5%
Markets Inconsistent on Rate Hike Expectations as Powell Increases Hawkishness
Fed Chairman Jerome Powell confirmed that a 50 basis point (half a percent) increase in the federal funds rate is “on the table” during a panel at last week’s International Monetary Fund meeting. Powell added, “It is appropriate, in my view, to be moving a little more quickly.” The markets expected this, with some forecasting a 75 basis point hike in June. In all, the futures market currently expects 13 quarter-point interest rate hikes in this tightening cycle.
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