President Donald Trump said he would examine whether the federal government can stop New York City Mayor Zohran Mamdani’s new pied-à-terre tax, which was temporarily blocked by a state court. Processing Content Trump in a social media post on Tuesday argued that the policy was costing the city by driving away wealthy people who would […]
Trump says US weighing attempt to stop NYC pied-a-terre tax Read More »
David Paul Morris/Bloomberg Processing Content Key insight: Headline inflation increased by 0.1% last month for an annualized growth rate of 3.4%. The reading could push some policymakers to support tighter monetary policy. Expert quote: “If I do not see signs of continued disinflation soon, I am prepared to act. With five years of above-target inflation,
Humid July CPI report puts pressure on Fed to hike Read More »
If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates in a whole
Here’s Why Mortgage Rates Are What They Are Right Now Read More »