Remember the Hawk verses Dove view. Powell was pretty hawkish and indicated that inflation is more important than labor.

He denied that the FED would help the Stock market but if things got bad enough, he may change his mind.

In response to Powell’s comments, Trump posted on Truth Social and said, “Powell’s termination cannot come fast enough.”

Housing Starts and Permits – Bottom line – more demand than supply.

Initial Jobless Claims fell for the first time 9,000 to 215,000

Continuing Claims rose 41,000 to 1.885M

The housing market continues to support home prices into the future. The Tariffs are going to have a significant impact moving forward including inflation, Jobless claims, PCE, CPI and so on.

Stay tuned rates will go down, and up and down….

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