Fed Chair Powell’s Warning‼️ Jerome Powell spoke on Thursday 🎙️

Fed Chair Powell’s Warning‼️ 👉 Quick Mortgage Rate Update. Last week Retail Sales in September rose higher than expected. This is showing spending isn't slowing enough to lower inflation to the Feds target range of 2%. Fed Chair Jerome Powell spoke on Thursday and said rates have not been high enough for long enough and more tightening would be needed. This may lead to another rate hike during the remaining two Fed meetings this year. With this news, mortgage rates increased to end the week.