Coin Bureau, relaying another source: Fed policy rate — not judged: the rule reads only US national figures

Said on Nov 1, 2022, at 19:12 in the video.

What was said
Coin Bureau

@coinbureau

“the bank of England is also widely expected to raise interest rates by 75 basis points this Thursday that's the largest hike by the Boe since 1989. beyond that interest rate Futures currently predict that the Boe rate is likely to tap out at almost five percent next year”
Watch at 19:12Housing Market: Is The Bubble Popping?! How Low Will It GO?!
PredictionFed policy rate— not judged: the rule reads only US national figuresby Dec 31, 2023
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%201920202021202220232024Said on Nov 1, 2022
−2%0%2%4%6%2019202120222024Said on Nov 1, 2022

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

loans in the period when mortgage rates were low the costs of servicing them are suddenly looking much higher over here you can see what that looks like in London for example mortgage payments make up over 50 percent of first-time buyers take-home pay now this is something that I myself am worrying about with my mortgage in the UK as it's coming up for refinancing in the next couple of years that's because I know that interest rates are only going in One Direction the bank of England is also widely expected to raise interest rates by 75 basis points this Thursday that's the largest hike by the Boe since 1989. beyond that interest rate Futures currently predict that the Boe rate is likely to tap out at almost five percent next year that's all the more pain for borrowers already on the edge if we were to add this to the pressures of inflation and Rising energy costs this is all a bit too much to bear for the average UK homeowner some may decide to sell and this will of course have a negative impact on prices as a result analysts are predicting Steep Falls in UK house prices next year for example Credit Suisse analysts are predicting a fall of between 10 and 15 meanwhile Andrew wishott senior

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