Kevin Warsh, a top contender to replace Jerome Powell as chair of the Federal Reserve, is finally ready to cut interest rates. As a governor at the US central bank from 2006 to 2011, Warsh called for higher rates even in the depths of the financial crisis, warning often of impending inflation. That’s a concern […]
Fed chair contender is now in favor of rate cut, just as Trump wants Read More »
HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. July What’s Fed Chair Jerome Powell’s next move on rate cuts? July 8Government job growth kills possibility of
President Trump vs. Fed Chair Jerome Powell battle over rates Read More »
Despite speculation following the Federal Open Market Committee’s June meeting that a rate cut could come as early as this month, most economists still expect the central bank to hold off until September or later. Only one respondent in Wolters Kluwer’s Blue Chip Economic Indicators survey, conducted July 7 and 8, after the stronger-than-expected June
No Fed cut in July, nearly all economists surveyed say Read More »
The Federal Reserve Employment was a focal point for the Federal Reserve’s most recent monetary policy deliberations, with officials expressing various levels of concern about its outlook. Policymakers were united in their view that interest rates should remain unchanged during last month’s Federal Open Market Committee meeting, but divides were apparent on several key considerations
Fed minutes show focus shifting to employment Read More »
Andrew Harrer/Bloomberg Treasuries slipped across the curve Tuesday, pushing yields two to four basis points higher and the 30 year approaching 5% for the first time since May. Yields have been rising as investors pare bets on the Federal Reserve’s interest-rate cuts following a jobs report that revealed a surprisingly resilient US labor market. Interest-rate
Treasuries extend drop as pressures build on longer-dated debt 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 »
The Trump administration’s “Big Beautiful Bill” may contain many initiatives lauded by the housing industry, but if you’re a federal regulator — namely the Consumer Financial Protection Bureau (CFPB) — you might have a different take. The multitrillion-dollar bill, which was passed by the U.S. Senate on Tuesday but still awaits approval from the House
The CFPB’s budget might be shrinking, but does that even matter? Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. During testimony to the House Financial Services Committee, Federal Reserve Board Chairman Jerome Powell repeatedly evaded questions from members of both parties about the impact of monetary policy on housing. Rep. Rashida Tlaib D-Minn. seemed perplexed or confused by Powell’s assertion that
The Fed chose Treasury markets over housing sanity Read More »
Mortgage rates have been slowly decreasing, but is this drop significant enough to influence our weekly housing data? Keep in mind that our weekend tracker reports provide insights months ahead of the reports most Americans typically read. Therefore, we closely monitor changes in our data trends whenever mortgage rates fluctuate. The last two weeks have
Have slightly lower mortgage rates stabilized the housing market? Read More »
President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE
Trump says he’s terminating trade negotiations with Canada Read More »