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Michael Rocco

Michael Rocco

Branch Leader
Movement Mortgage
NMLS ID # 1281719

Movement Blog

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September 23, 2022

Another round of rate increases as the Fed fights inflation

The Federal Reserve is standing pat in its hawkish effort to fight inflation. The Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points at its September meeting and also set its terminal rate of 4.6% in 2023. The...

Michael Rocco
Michael Rocco
Branch Leader
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205 Archway Ct, Lynchburg, VA 24502
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NMLS # 1281719

State License #NC - I-212223, VA - MLO-23769VA