Kevin Warsh-Led Fed Holds Interest Rates Steady, Impacting Mortgage REITs AGNC and Annaly Capital
The Federal Reserve under Kevin Warsh maintained interest rates at 3.5% to 3.75%, signaling a potential shift toward rate hikes amid rising inflation concerns. This decision is likely to negatively impact mortgage REITs like AGNC Investment (AGNC) and Annaly Capital Management (NLY), as higher rates typically reduce the value of their bond-like securities.
