SUMMARY: The Fed announced a 50 basis point rate hike along with a reduction in holdings by June 1st, Powell seemed concerned with the limited tools the Fed has to deal with this current inflationary environment, mortgage demand unexpectedly jumped for the first time in two months, and a record low number of Americans think it is a good time to buy a home...

Sources:

• Fed Raises Rates By 50 Basis Points
• Record Low in the U.S. Say It Is A Good Time To Buy
• Mortgage Demand Rises for the First Time in 8 Weeks

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