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Steve Egan

Market Leader
Movement Mortgage
NMLS ID # 6012
75 Isham Rd, West Hartford, CT 06107
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Market Adjusts Expectations: Two Rate Cuts Expected This Year

By: Movement Team
April 12, 2024
The Federal Reserve has signaled a readiness to reduce interest rates, with the timing dependent on economic indicators. However, recent inflation data suggests that any rate cuts in May or June are unlikely, as inflation has surpassed expectations for the second consecutive month, with Consumer Price Index (CPI) rising by 0.4% month over month. This follows last week's robust employment figures. Consequently, bond yields have climbed, with 10-year yields increasing by 15 basis points this week. Market sentiment has adjusted accordingly, now anticipating two rate cuts this year, down from three, with the first expected in September.
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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 .


Steve Egan Headshot
Steve Egan
Market Leader
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75 Isham Rd, West Hartford, CT 06107
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NMLS # 6012

State License #CT-LO-6012, FL-LO56595, MA-MLO6012, RI