President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding that “Aug. 1, […]
Trump to set new tariffs before midnight, White House says Read More »
Federal Reserve Chair Jerome PowellBloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said the central bank is still trying to get a handle on how higher tariffs will impact the economy. Powell said it was always going to take time for higher import levies to translate into higher prices for consumers, but the administration’s
Powell: ‘Many, many uncertainties’ remain for tariff impacts Read More »
The enormous scale of the trade war initiated by President Donald Trump has the potential to upend practically every aspect of the economy, and the most vulnerable space in the real estate industry is homebuilding. Trump has targeted a number of key trading partners for homebuilders — including Canada, Mexico, China and Vietnam. He’s either
Homebuilders are weathering the trade war — for now Read More »
HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. July What’s Fed Chair Jerome Powell’s next move on rate cuts? July 8Government job growth kills possibility of
President Trump vs. Fed Chair Jerome Powell battle over rates Read More »
A Mediterranean Shipping Co. container ship under construction at the HD Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on March 30, 2025.SeongJoon Cho/Bloomberg President Donald Trump’s sweeping tariff proposals have been put on hold for another month, giving banks and industries more time to brace for impact while also prolonging the uncertainty that
Trump tariff extension leaves banks, Fed in limbo Read More »
After a few months of relative calm, President Donald Trump issued a flurry of new tariffs on key trade partners while indicating an extension of deadlines for most countries to reach a trade deal with the U.S.. Trump paused his new global tariff regime less than a week after it was announced on April 2,
Back on the tariff roller coaster: Trump imposes new levies, extends deadlines Read More »
Consumer homebuying sentiment slumped in June, with mounting fears over job cuts and tariff fallout darkening the housing outlook, according to Fannie Mae’s latest data. Fannie Mae’s Home Purchase Sentiment Index fell to a reading of 69.8 in June, falling 5% after it recovered to a score of 73.5 a month earlier. The latest index
Tariffs, jobs, rates: What’s sinking buyer mood most? Read More »
President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE
Trump says he’s terminating trade negotiations with Canada Read More »
The clock is ticking for the 90-day pause on President Trump’s tariffs. As the July 8 deadline draws near, banks face the possibility of a new round of disruptions to their business — and yet some CEOs aren’t worried. In interviews with American Banker, two bank leaders expressed confidence that Trump will avoid ratcheting his
Bank CEOs keep calm as end of tariff pause approaches Read More »
Andrew Harrer/Bloomberg The U.S. economy slowed faster than previously realized, according to the latest revision to the government’s gross domestic product estimate. Overall, the GDP’s rate of contraction was lowered by 30 basis points, from an annualized rate of -0.2% to -0.5%, according to the Bureau of Economic Analysis’ latest report, released Thursday. This is
First-quarter GDP revised lower; Fed has other data on deck Read More »