Today marked a significant development in the ongoing dialogue between President Trump and Elon Musk, as their relationship appears to have reached a critical point of conflict. The question for those in housing is: How could this impact mortgage rates moving forward? The 10-year yield saw a slight increase earlier as it reacted to the […]
How the Trump/Musk dispute could influence mortgage rates Read More »
Federal Reserve Board NEW YORK — At least one Federal Reserve official expects tariffs to lead to higher inflation, and she is worried the effects could be long lasting. Speaking before the Economic Club of New York on Thursday, Fed Gov. Adriana Kugler said she sees ways in which higher trade barriers could lead to
Fed’s Kugler not ready to look past tariff inflation Read More »
This story has been updated with an analyst’s comments. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve announced Tuesday that it has lifted the $1.95 trillion asset cap it imposed on Wells in 2018. The cap’s termination is a watershed
Wells Fargo sheds asset cap, ending seven years of handcuffs Read More »
Former Federal Reserve Vice Chair and noted macroeconomist Stanley Fischer, who passed away Saturday at 81.Bloomberg News (Bloomberg) — Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81. He died on
Former Fed vice chair Stanley Fischer dies at 81 Read More »
In one of the most chaotic weeks for economic headlines of the year, mortgage rates remained relatively stable, which is a stark contrast to the madness caused by the Godzilla tariffs a few weeks ago. Can this stability last? Despite elevated rates, having fewer wild fluctuations on a day-to-day basis creates a healthier mortgage market
Mortgage rates unfazed by crazy economic headlines Read More »
The good news is the preferred measure of inflation for the Federal Reserve keeps trending downward. The bad news is that the economic backdrop that could lead to lower rates keeps getting more complicated. According to new data from the U.S. Bureau of Economic Analysis (BEA), the Personal Consumption Expenditures price index for April rose
Inflation is almost at 2%. Will that prompt a Fed rate cut? Read More »
Krisztian Bocsi/Bloomberg The Federal Reserve’s preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data. The headline Personal Consumption Expenditure, or PCE, index increased 2.1% on an annualized basis in April, according to a report released by the
April PCE inflation comes in at 2.1%, nearing Fed goal Read More »
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House to discuss economic developments, as Trump continues to press the Fed to lower interest rates. During the meeting, Trump told Powell he’s making “a mistake” by not lowering interest rates, the White House said Thursday. The meeting was at Trump’s
Trump to Powell: It’s a ‘mistake’ to not lower interest rates Read More »
Andrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House on Thursday to discuss the economic outlook and monetary policy. During the meeting, Powell did not discuss his outlook for the federal funds rate, according to a statement issued by the Fed on Thursday afternoon. Instead, the central bank
Trump, Powell discuss economic outlook at White House 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 »
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