President Donald Trump named EJ Antoni, chief economist of the conservative Heritage Foundation, to lead the Bureau of Labor Statistics after firing the former head of the agency earlier this month. Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post Monday. The position […]
Trump names Heritage’s EJ Antoni to lead Bureau of Labor Statistics Read More »
Overall employment numbers fell below what the market anticipated, with 73,000 July job additions compared to estimates for 104,000, making it more likely that a mortgage rate drop is nigh and that industry hiring may escalate. Bond market reaction to the Bureau of Labor Statistics data could lower long-term mortgage rates near term, according to
Weak jobs data boosts odds of mortgage rate drop Read More »
Economic worries and affordability challenges continued to weigh on the housing market, new data shows, hinting that the unusually slow summer sales could portend a more bearish market in the coming months. Housing prices rose 2.3% year-over-year in May, according to new data from the S&P CoreLogic Case-Shiller Index. This is the slowest increase in
Pronounced housing slowdown appears in latest index reports Read More »
For years, investors have found themselves at the whim of President Donald Trump’s social-media posts. Now, traders are being forced to pay attention to an unlikely official: Federal Housing Finance Agency head Bill Pulte. Stocks have swung wildly on Pulte’s comments as he opines on everything from credit score pricing, to cryptocurrencies as mortgage assets,
Pulte’s social media posts become must-follow for stock traders Read More »
Treasuries slipped ahead of a sale of 30-year US bonds that will provide a fresh test of demand for the type of long-dated government debt that has been under pressure globally. US 10-year yields were two basis points higher at 4.36% Thursday morning in New York, trimming a decline of seven basis points the previous
US treasuries edge lower ahead of 30-year bond auction Read More »
A Mediterranean Shipping Co. container ship under construction at the HD Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on March 30, 2025.SeongJoon Cho/Bloomberg President Donald Trump’s sweeping tariff proposals have been put on hold for another month, giving banks and industries more time to brace for impact while also prolonging the uncertainty that
Trump tariff extension leaves banks, Fed in limbo Read More »
Fresh US jobs figures took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall. While employers added more jobs in June than forecast and the unemployment rate ticked lower, growth in private payrolls weakened. US job growth exceeded expectations in June as an
US jobs data eases pressure on Fed Read More »
Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year. The Friday selloff lifted yields across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to Fed rate changes. The benchmark 10-year note’s rate rose eight
Traders reel in Fed cut bets as strong job data drags on bonds Read More »
After a tepid Spring homebuying season, housing market headwinds continue to challenge demand for homebuying, but improved for-sale supply is providing buyers with more options and helping to keep softer price pressures for those looking to buy. And while annual home price growth has slowed considerably, home prices this spring have held steady, and gains
Housing finance outlook 2025: It’s a cruel, cruel summer Read More »
Treasury yields tumbled after weaker-than-expected gauges of job creation and service-sector activity strengthened traders’ conviction that the Federal Reserve could cut interest rates as soon as September. Two- to 10-year yields reached the lowest levels since at least May 9 after the ISM Services gauge for last month signaled contraction for the first time since
Treasury yields tumble as wagers on September fed rate cut grow Read More »