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
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
After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading
Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Continue reading