The Fed Lag and Mortgage Rate Dilemma

Our latest episode examines market moves amid more Fed hawkishness, the ChatGPT craze, and the mortgage rate double-edged sword

Jerome Powell, chairman of the US Federal Reserve, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, DC, US, on Tuesday, Feb. 7, 2023. Powell said that additional interest-rate increases will be needed to cool inflation amid a labor market that recent data shows remains very tight.Photographer: Valerie Plesch/Bloomberg

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By Eric Mollo and Vonnie Quinn

February 24, 2023 at 10:59 AM EST

This article is for subscribers only.

(Bloomberg) – Bloomberg Chief Rates correspondent Garfield Reynolds says the strong start to 2023 might just be a red herring. He joins to break down rate activity and explains what recent eco-data and hawkish Fed messaging might mean for the US economy. Bloomberg Opinion columnist Tim Culpan discusses the exploding interest in ChatGPT and outlines the risks of artificial intelligence developed in China. Columnist Alexis Leondis also joins the program, examining options for those who secured a low mortgage rate but now feel stuck in their residency. Is applying for a second mortgage the answer? Listen to the latest Bloomberg Opinion podcast for all of these stories from this week.

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Omny Studio: The Fed Lag and Mortgage Rate Dilemma