Tag Archives: Jerome Powell

A June rate cut is now seen as off the table as Fed stays put

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Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading →

Shrinking economy bolsters the case for a June Fed rate cut

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Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading →

Tariffs to spur ripple effects across real estate, industry leaders warn

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Rising construction costs and shifts in foreign investments will result in falling sales as the weight of the tariffs are felt across U.S. housing markets, economists and real estate leaders told Inman. Continue reading →

Homebuyers get cold feet as mortgage rates rebound

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Mortgage rates are climbing back toward 7 percent on fears that tariffs could reignite inflation, but Federal Reserve Chairman Jerome Powell warns policymakers would be challenged if unemployment also rises. Continue reading →

Inflation eased in March, but tariff impacts remain to be seen

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Inflation as measured by the Consumer Price Index dropped to an annual rate of 2.4 percent last month, but the impact of tariffs is unlikely to show up in data until May. Continue reading →

Mortgage rates down sharply as tariff worries spark flight to safety

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Heightened fears of a trade war and recession have investors convinced that the Fed will start cutting rates again in June — a sentiment that gives mortgage rates more room to come down. Continue reading →

Surprise Fed move takes some pressure off of mortgage rates

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Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they’re more worried about inflation than they were in December. Continue reading →

Weak February jobs report moves the needle on mortgage rates

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Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1 percent. Continue reading →

Want to get more for your sellers? List in late May

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Despite a slow start to the year, Zillow’s latest report said May might be a potential goldmine for homesellers. Listings that go live during the last two weeks of May receive a premium of $5,600. Continue reading →

Mortgage rates climbing again on hot CPI report, Powell testimony

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Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word. Continue reading →