US job market shows weakness beyond healthcare focus. Manufacturing jobs declined; construction gains were minimal. The Fed faces a dilemma: fighting inflation vs. boosting the economy amidst stable labor data.
Mortgage rates hinge on Fed policy, inflation, and market reactions. Experts highlight the delicate balance: rate cuts may not aid buyers if inflation persists or the Fed acts under political pressure. Reducing inflation & high employment are key.
Fed officials debate rate cuts amidst economic uncertainty and political pressure. Powell emphasizes a cautious, data-driven approach, while others advocate for earlier action. Inflation and tariffs remain key factors.
Inflation and high mortgage rates impact the housing market. Experts discuss potential rate cuts, wage growth surpassing inflation, and the need to control costs amid economic uncertainty. Housing shortages persist.
UK housing market faces stamp duty changes impacting novice buyers. Rising inflation may curb price growth. North East sees highest price inflation. Affordability remains a key challenge for property purchases.
The Federal Reserve's next meeting is scheduled for July 30-31, but analysts don't expect the Fed to cut rates until September, said Lisa Sturtevant, chief economist for Bright MLS.
