Federal Reserve Chairman Jerome Powell has  made it abundantly clear that the Fed may – or may not ─ boost interest rates again in September. 

Real estate industry professionals describe a balanced market as the ideal, with buyers and sellers evenly matched, neither having a strong advantage over the other and both willing to compromise to produce a sale. The current market reflects a balance of sorts, but not a healthy one. 

When the Federal Reserve launched its war against inflation last year, Fed Chairman Jerome Powell made it clear that he was willing to accept slower growth and possibly a recession in order to squeeze inflationary pressures out of the economy.  Most economists agreed that a recession would be the inevitable result of the Fed’s successive interest rate hikes.

Baseball season hasn’t begun yet, but the Federal Reserve  is dealing with a sweeping curve ball delivered by the sudden failures of three banks.  The first – Silvergate – a California-based lender specializing in the crypto market – didn’t attract much notice.