Despite fresh rhetoric Tuesday from Trump and Treasury Secretary Scott Bessent about “deals,” there is nothing to indicate that the dramatic growth slowdown that economic analysts are predicting with the implementation of the massive country-by-country duties — set to kick in Wednesday — will be staved off if Trump implements his vision as he currently foresees … Read more
World stock markets and oil prices tumbled and investors dashed to the relative safety of bonds, gold and the yen Thursday, as President Donald Trump’s drastic U.S. trade tariffs stirred widespread fears of a global recession. A new baseline 10% tariff on imported goods plus some eye-watering additional ‘reciprocal’ tariffs on countries Trump said put high trade barriers … Read more
After a seven-week falling streak, mortgage rates reversed course, with the average rate on a 30-year fixed home loan now around 6.7%. This week, investors are holding out for the Federal Reserve’s interest rate forecastwhile concerns over a potential recession and uncertain trade policies keep pressure on financial markets. Mortgage rates, linked to the bond … Read more
Less than 36 hours after imposing sweeping tariffs against America’s largest trading partners, the Trump administration is already signaling it is ready to compromise on lifting them — at least partially. In an appearance on Bloomberg TV Wednesday morning, Commerce Secretary Howard Lutnick said the president would consider giving “some relief” if Canada and Mexico … Read more
