Will Tariffs Lead to a Recession?
Should the tariffs remain in place for an extended period, they will likely raise costs and uncertainty for businesses, which could reduce their willingness to hire, invest or expand.
Fed Chief Indicates No Rate Cut in Offing Due to Tariff Inflation
Fed Chair Jerome Powell’s focus on the potential for more inflation suggests that the central bank will likely keep its benchmark interest rate unchanged at about 4.3 percent in the coming months.
Trump’s ‘Liberation Day’ Unlikely to Free Biz from Tariff Uncertainty, Experts Say
Questions will still swirl around trade and tariffs for months to come, economists say. And more tariffs are in the pipeline and could target specific industries like lumber.
Rocket Buying Mr. Cooper in All-Stock $9.4B Deal
The mortgage company Rocket is buying competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after acquiring real estate listing company Redfin.
Inflation, Wage Anxiety Jumps as Spring Market Begins
Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.
Fed Sees Tariffs Raising Inflation, But Keeps Key Rate Unchanged
Central bankers also took steps that could drive down mortgage rates as the spring housing market opens.
‘Stagflation’ Risk Puts Fed in Tricky Spot as It Meets This Week
When Federal Reserve officials last met, hiring was solid. The economy had just grown at a solid pace in last year’s final quarter. And inflation had fallen sharply. What a difference seven weeks makes.
Trump Admin Halts $1B in Funding for Affordable Housing Upgrades
The Green and Resilient Retrofit Program pays for for energy-efficiency improvements, but those are often the centerpiece of larger renovations at decaying affordable housing complexes.
NAHB: Higher Lumber Prices Still Likely Despite Trump’s Tariff Delays
President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
EXp CEO Expects US Home Sales to Rise in Buyer-Friendly Market
Leo Pareja, CEO of real estate brokerage eXp Realty, thinks home shoppers in places like Florida and Texas will have leverage when it comes time to negotiate with sellers.
Trump’s 25 Percent Tariffs on Mexico, Canada Take Effect
President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
CFPB Drops Enforcement Against Capital One, Rocket Homes and More
The Consumer Finance Protection Bureau has dropped several enforcement actions against lenders, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration.
Trump Seeks Greater Control of Fed with New Order
President Donald Trump is moving to give the White House direct control of independent federal corporate regulators.
Fed Official: Need ‘Dust to Clear’ Before Deciding Next Moves
Austan Goolsbee, president of the Fed’s Chicago branch, said if tariffs don’t worsen inflation, rate cuts could resume.
Fed Chair Says Bank Accounts ‘Safe’ Despite Trump’s Teardown of CFPB
Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.
Trump Orders US to Ditch Penny After Decades of Complaints
“Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time,” the president wrote in a social media post, which was light on details about plans for a post-penny future.
New CFPB Head Moves to Shut Down Agency Without Congressional OK
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Trump, Musk Demand Termination of Federal Office Leases
One of the next moves in President Donald Trump and Elon Musk’s sweeping effort to fire government employees and curtail operations is using the agency that manages thousands of federal employee worksites around the country to cut down on office space.
Fed Hold Rates Steady, Says Job Market Is ‘Solid’
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
Fed Expected to Stand Pat on Rates Despite Trump Demands
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
