Federal Reserve members speak out on interest rate cuts

Fed Governor Christopher Waller officially calls for a July rate cut
Mortgage demand plummets as rising rates scare away homebuyers

Purchase and refinance applications both declined last week: MBA
Overall wholesale inflation unchanged in June

The surprising inflation news shows little impact so far from current tariffs
June inflation report may have shut the door on a Fed rate cut in July

Tariff impacts are starting to appear in consumer prices
White House budget director attacks Fed chair on both monetary and fiscal fronts

Russell Vought criticized Jerome Powell’s handling of inflation and a costly office renovation project
Mortgage rates rise following robust jobs report

The gains to 30-year and 15-year rates follow five weeks of declines: Freddie Mac
Fed meeting minutes reveal fissures on potential rate cuts

Tariff uncertainty and a resilient labor market have put the central bank in a dicey spot
Homebuyers resurface as mortgage demand gains steam

Applications for purchases and refinances both increased heading into the July Fourth holiday
Inflation fears ebb, though consumers are still cutting back on spending

Year-ahead consumer inflation expectations dipped to 3%: New York Fed survey
BLS jobs report beats expectations, dampening chances of a July rate cut

Hiring trends continue to defy projections