The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
The Trump administration is swiftly remaking housing policy as the U.S. Department of Housing and Urban Development retreats from long-established fair-housing protections for transgender people.
A federal program that pays rent for some 60,000 families and individuals fleeing homelessness or domestic violence could end by next year if more funding isn’t made available.
President Donald Trump is drastically shrinking the workforce and mission of the Consumer Financial Protection Bureau, eviscerating an agency created after the Great Recession with the goal of protecting Americans from fraud, abuse and deceptive practices.
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday after Powell signaled that the Fed will keep its key interest rate unchanged while it seeks “greater clarity” on the impact of Trump’s policies.
JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the regulation that the Biden administration had estimated would save consumers billions of dollars.
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.
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.
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.
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.
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.
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.
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.
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.
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.
For the Massachusetts real estate and housing industries, tariffs could potentially hit in two ways: higher materials costs and higher mortgage rates, driven by rising bond yields and inflation fears.
President Donald Trump is moving to give the White House direct control of independent federal corporate regulators.
Austan Goolsbee, president of the Fed’s Chicago branch, said if tariffs don’t worsen inflation, rate cuts could resume.
Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.
