(Bloomberg) — Kevin Warsh’s embrace of financial markets to help the Federal Reserve do its job would mean trading more precise policy tools for a blunt instrument. Processing Content It can work, but it’s an inefficient way to bring down too-high inflation and comes with trade-offs, economists and former officials say. Central bankers typically use […]
Warsh’s faith in markets sidelines more nuanced Fed policy tools Read More »
July’s home sale gains are a sign activity might have reached a plateau. Processing Content Closed home sales surged 7% year-over-year in July, marking the strongest annual gain seen so far this year. Total closed sales reached 382,898 homes, according to Zillow’s July Market report. “July was a strong month for existing home sales, but
Strong home sales mask impending slowdown for originators Read More »
Rates on the conforming 30-year fixed mortgage increased 3 basis points this past week and are now higher on a year-over-year basis, as inflation remains front and center in the minds of investors. Processing Content The latest rates have moved closer to their July 2025 level at over 6.7%, although still below the 7% peak
Mortgage rates keep rising, nearing last July’s peak Read More »