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☆ Stock futures are little changed after Fed skips rate hike but indicates more ahead: Live updates
▼ + stars: | 2023-06-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were roughly flat after the Federal Reserve skipped a rate hike at its meeting that ended Wednesday, but signaled two more rate hikes may still be in store later this year. Dow Jones Industrial Average futures rose by 2 points, or 0.01%. S&P 500 and Nasdaq-100 futures climbed 0.07% and 0.11%, respectively. Earlier Wednesday, the broad market index and the Nasdaq Composite both reached their highest levels since April 2022. Kroger, Jabil and John Wiley are scheduled to announce earnings Thursday morning, with Adobe reporting after the close.

Persons: Jerome Powell, Chris Zaccarelli, Marty Green, Jabil, John Wiley Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Dow Jones, Federal, Independent, Alliance, Fed, Philadelphia, Kroger, Adobe

☆ Mortgage rates rise to nearly 6.3%, the highest level since 2008
▼ + stars: | 2022-09-22 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Mortgage rates have almost doubled since the start of this year. But now all eyes are on the central bank’s campaign of interest rates hikes in its fight against inflation. “The housing market continues to face headwinds as mortgage rates increase again this week,” said Sam Khater, Freddie Mac’s chief economist. The Fed does not set the interest rates borrowers pay on mortgages directly, but its actions influence them. As investors see or anticipate rate hikes, they often sell government bonds, which sends yields higher and mortgage rates rise.

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