“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.
Washington’s investment may well come with unintended consequences.
Inflation is taking a back seat as Fed Chair Jerome Powell signaled that a rate cut is coming.
The first time central bank officials set 2% as their inflation target was in 2012.
July’s weak jobs report could be grounds for a big rate cut come September.
President Donald Trump recently demanded that Federal Reserve Governor Lisa Cook resign after she was accused of mortgage fraud.
From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.
Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling U.S. chipmaker Intel.
The Essential Air Service program funds commercial flights to small airports around the country. The Trump White House has proposed cutting that funding by half.
A wealth tax could raise a lot of money and burden a privileged few. Trouble is, the U.S. Constitution basically bans it.
