The Fed’s Latest Policy Meeting, a Wild Ride for Mortgage Rates, and Record Money Market Inflows 03/21/23

The Federal Reserve kicks off its two-day policy meeting today, with a decision due out at 2:00 PM ET tomorrow. RBC Capital Markets’ Tom Porcelli lays out what to expect. Plus, housing affordability is an especially critical factor now given the ongoing wild ride in mortgage rates amid the Fed’s rate hiking campaign and fresh stresses in the global banking system. Freedom Mortgage CEO Stanley Middleman breaks down the spring housing market. And, new research shows there were record flows in money market funds last week as investors look for a safe haven from market volatility. Principal Asset Management’s Seema Shah and Matrix Asset Advisors’ David Katz give their investing theses.

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