On Wall Street, we've all been conditioned to believe that good news is bad news and vice versa. Maybe if the econom is too strong, we can expect the Federal Reserve will raise interest rates, bad for growth. And if the economy is weak enough, the Fed will cut rates, good for growth, and the stock market.But sometimes bad news really is bad news, like the very weak employment numbers we saw this very morning. Something that shows the economy is producing far fewer jobs than expected. Like many others, I was ...

Market Trends - Stocks closed slightly lower after hitting all-time highs early in the session [1] - Labor market data reinforced expectations that the Federal Reserve will cut interest rates this month [1]

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 ...

Federal Reserve Policy & Interest Rates - A significant portion (67%) of surveyed individuals believe the Federal Reserve is making a mistake by not cutting interest rates sooner or more aggressively [3] - Concerns exist that the Federal Reserve's narrow view of the job market is ignoring emerging weaknesses, potentially leading to accelerated damage [4] - A potential interest rate cut is anticipated in September, with debate over whether it should be 25 or 50 basis points (0.25% or 0.50%) [5] - The Federal Reserve previously implemented a jumbo cut of 50 basis points (0.50%) in September after refusing to cut rates in July [7] - Over-reliance on the Federal Reserve is questioned, suggesting it should step back and allow other governmental elements to drive economic growth [9][10] Economic Risks & Structural Reform - The risks to the economy are considered higher than a year ago due to the erosion of financial security among lower-income households [7] - Structural reforms, particularly faster and more even diffusion of innovations like AI, life sciences, and robotics, are crucial for sustaining growth and productivity [10][11][12]

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 ...