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Jim Delaney

Jim Delaney

Senior Loan Officer
Movement Mortgage
NMLS ID # 17685

The Fed Chair is ‘not confident’ enough has been done to decrease inflation

By: Movement Team
November 10, 2023
A slow week for economic data has meant yields were kept relatively quiet compared to last week’s dramatic fall. Fed Governors on the speaking circuit were the main drivers of yields early in the week as some tried to temper down expectations that the Fed hiking cycle is completed. Minneapolis Fed President Kashkari stressed that they need to see more data before declaring that tightening is completed. 

Yields dipped on Wednesday following a better-than-expected 10-year auction, which was driven by the continuing market narrative that the Fed is likely done with its hiking cycle. However, investors keyed into Fed Chair Powell’s contrasting statements at the IMF conference Thursday afternoon. Powell asserted, “The Federal Open Market Committee is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 percent over time; we are not confident that we have achieved such a stance.” 
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Author: Movement Team

About Movement Mortgage, LLC (“Movement”)

Movement is not just a mortgage company – they’re an Impact Lender and force for positive change. With more than 4,000 teammates across all 50 states, they reinvest the majority of our profits back into the communities they serve. Movement is the 10th ranked top-producing residential mortgage company in the U.S., funding more than $20 billion in residential mortgages annually. The company has contributed nearly $400 million to the Movement Foundation since 2012, funding the Movement Schools network, affordable housing projects and global outreach efforts. For more information on Movement and Impact Lending, visit .


Jim Delaney
Jim Delaney
Senior Loan Officer
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99 Rosewood Dr, Ste 270, Danvers, MA 01923
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NMLS # 17685

State License #MA-MLO17695, NH