Introduction Fannie Mae, formally known as the Federal National Mortgage Association, plays a crucial role in the United States housing market by providing liquidity, stability, and access to mortgage credit. Established during the Great Depression in 1938, Fannie Mae has evolved into a pivotal entity that supports homeownership and affordable housing. As current economic conditions
Introduction to the FOMC The Federal Open Market Committee (FOMC) plays a critical role in shaping US monetary policy and influencing the global economy. Comprised of members from the Federal Reserve, the FOMC meets regularly to assess economic conditions and make decisions regarding interest rates and economic measures. These decisions hold significant weight, affecting inflation
Introduction Jerome Powell, the current Chair of the Federal Reserve, has been under significant scrutiny as he navigates the complex landscape of the US economy. His decisions regarding interest rates and monetary policy are pivotal in influencing not only the US economy but also global financial markets. Recent events, including inflation surges and economic recovery
Introduction The U.S. economy is a subject of global interest due to its significant impact on international markets and trade. Understanding the current trends, such as inflation rate fluctuations, job growth, and economic forecasts, is crucial for investors, policymakers, and the general public. As of late 2023, the economy faces several challenges and opportunities that