Economy
Mortgage rates are up .625% since Iran war began February 28. Even with this rise, rates are still down .625% since early-2025. And YoY home prices are flat, helping buyer affordability.
Treasury chief Bessent and Fed chair nominee Warsh say AI is reason to cut rates. Former NY Fed chief Dudley disagrees for 5 reasons.
Treasury chief Scott Bessent says Fed Funds Rate should be 1.5% to 1.75% lower, predicts .5% cut Sept 17, teases up to 11 Powell replacements
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