The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President […]
Tariff fears drive April auto, mortgage borrowing Read More »
Federal Reserve Federal Reserve officials were split about the potential inflationary impact of higher tariff rates during the central bank’s monetary policy meeting last month. Some members of the Federal Open Market Committee voiced concern that elevated import taxes could result in supply chain disruptions that lead to “persistent effects on inflation, reminiscent of such
FOMC minutes reveal disagreement on possible tariff impacts Read More »
US Treasuries trimmed early losses after a $70 billion auction of new five-year securities lured solid investor demand. The yield on 10-year benchmark Treasuries was up about three basis points following Wednesday’s sale, after earlier climbing more than five basis points. READ MORE: Home-refinancing gauge falls to three-month low as rates near 7% The shift
US treasuries pare losses as investors snap up five-year notes Read More »