I think we're on the foothills of a credibility crisis. We're not there yet because people believe that ultimately US in institutions endure and uh succeed. But between the president's demand that interest rates be cut by 3 percentage points, which no economist anywhere has endorsed any idea of that kind, between the harshness of the president's rhetoric visav uh chairman uh Powell, between the extraordinary effort to fire a sitting uh Fed governor with no kind of due process surrounding the fore cause prov ...

All right, time for another big interview here on Power Lunch. Pleased to be joined by Alon's chief economic adviser, Muhammad El Arent. Muhammad, good to see you again.Listen, you have been >> Well, thank you. You have been fairly critical of the Fed. You've also been critical but fair.And as the job market has been slowing for over a year, some, like the, you know, the guy in the White House are wondering why the Federal Reserve has not already begun to act on interest rates. Outside of those rather, some ...

I want to bring in Ron Insana, CNBC contributor and publisher of the message of the market on Substack. Peter Baker is New York Times chief White House correspondent and an MSNBC political analyst. Mark McKinnon is a former adviser to President George W.Bush and Senator John McCain as well as creator of the television series The Circus. So Ron, the president says we are the hottest economy in the world. What does this report tell us.Well, I would fly in the face of that analysis and and and I think you know ...

Mortgage Rate Trends - The average 30-year fixed mortgage rate experienced a significant one-day drop of 16 basis points, reaching 629%, the lowest since October 3rd of last year [1] - Some lenders are offering even better rates, around 6125%, a substantial decrease from rates exceeding 7% in May [2] - The drop in mortgage rates is influenced by the yield on the 10-year Treasury, but also by future economic outlook and the perception of mortgage-backed securities (MBS) buyers [6] Impact on Homebuyers and Market - For a $450000 home with 20% down, the monthly mortgage payment at 7% would be $23995, while at the current rate, it would be $2226, a difference of $169 per month [2] - Lower mortgage rates have positively impacted homebuilder stocks, with companies like Lennar and DR Horton experiencing gains of over 3% [3] - The home building ETF (ITB) has increased by nearly 13% over the past month as rates have gradually decreased [4] - Despite falling rates, mortgage applications for home purchases have not significantly increased [4] - Some believe that mortgage rates need to drop to the 5% range to significantly impact homebuyer activity, considering the high home prices [5] - Homebuyers' confidence in their personal financial situation and the broader economy plays a crucial role in their decision to invest in a home [6][7]

💥BREAKING:🇺🇸 Bank of America projects the Federal Reserve to cut interest rates twice this year. https://t.co/ynSyl1Mv7E ...

With the Federal Reserve poised to cut interest rates at its September meeting, investors should consider a few key metrics before buying https://t.co/WBhEpawfBe ...

It is time for money power politics and tonight this is serious. NBC News can confirm that the Justice Department has opened a criminal probe into Federal Reserve Governor Lisa Cook. The probe, which was first reported by the Wall Street Journal, centers upon whether Cook submitted fraudulent information on mortgage applications.Subpoenas have reportedly already been issued. Her attorney, Abby Lol, responded to the probe today, accusing the Trump administration of quote scrambling to invent new justificatio ...

JUST IN: 🇺🇸 President Trump says Jerome "Too Late" Powell should have lowered interest rates long ago."As usual, he's Too Late!" https://t.co/obxPc1ketT ...

JUST IN: 🇺🇸 Bank of America now projects the Federal Reserve to cut interest rates twice this year. https://t.co/9z6cULLaiQ ...

Market Focus - Bond and currency traders are closely monitoring the August jobs report [1] - The report is expected to influence perceptions of Federal Reserve policy [1] - The report is expected to determine the short-term direction of interest rates [1]