What a Kevin Warsh-Led Fed Could Mean for Mortgage REITs AGNC and Annaly Capital

Kevin Warsh was recently installed as the head of the Federal Reserve. Although he was a loud proponent of cutting rates not too long ago, economic conditions have changed. The first Federal Reserve meeting of his tenure ended with no change to rates, with the target range remaining at 3.5% to 3.75%.

That alone is an important piece of information for mortgage real estate investment trusts (REITs) like Annaly Capital (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC). But it isn't the only takeaway from the meeting you need to know about if you own these high-yield stocks, or are considering buying them.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Warsh had long been a proponent of lower rates, a view that paired up with the president who nominated him to the position he now holds. That rates were held steady and not cut is an important statement about the Fed's independence. However, it also indicated that the economic situation in the United States had cha

Fuente original: Yahoo Finance (https://finance.yahoo.com/real-estate/articles/kevin-warsh-led-fed-could-133500554.html)