Items Tagged with 'tariff'

ARTICLES

  • Homebuilder confidence remains steady in July

    Rising cost of materials haunt homebuilders
    Builder confidence in the market for newly built single-family homes remained unchanged at 68 points in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Homebuilders are encouraged by the growing housing demand, but construction material costs still hinder optimism, according to NAHB Chief Economist Robert Dietz.
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  • Ryan rejects Trump’s looming trade war

    Trade war could potentially make mortgage rates unaffordable for homebuyers
    House Speaker Paul Ryan rejected President Trump’s recent trade policies, warning of the potential harm tariffs could have on the U.S economy, according to an article by Ana Edgerton for Bloomberg. Trump’s trade war has the potential to negatively impact the housing market because surging inflation could result in higher mortgage rates.
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  • FOMC minutes reveal Fed not concerned by growing global economic disruptions

    Expects to continue raising rates in near future
    The FOMC released the minutes from its June meeting Thursday, which showed that the Federal Reserve is not concerned about the rising threat of a trade war or other economic disruptions. While the Fed did mention some global economic challenges during its meaning, they were not the focus and did not seem to affect members’ predictions for the future of rate hikes.
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  • Consumer Confidence Survey reveals Americans fear tariffs

    25% of American consumers worried about economic impact
    The threat of international tariffs modestly reduced consumer confidence in June, according to a Consumer Confidence Survey conducted by The University of Michigan. Surveys of Consumers Chief Economist Richard Curtin explained that two-thirds of consumers believe more international trade is better for the domestic economy.
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  • CBC: Canadian lumber producers tell U.S. consumers 'You can take your tariffs back, eh!'

    NAHB says U.S. tariffs on Canadian softwood add an average of $9,000 per house to U.S. home prices
    According to an article from the Canadian Broadcasting Corporation, Canadian lumber companies are seeing record revenues despite heavy tariffs from the U.S. So, who’s getting the short end of the board foot? None other than U.S. consumers.
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  • Fed changes tune on raising interest rates this year

    Minutes reveal more dovish approach
    The Federal Reserve has been forecasting an average two to four interest rate hikes in 2018, however the minutes from its latest meeting reveal a more dovish approach. As the Fed raises concerns over recent trade tariffs, the chances of there being four rate hikes in 2018 falls.
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  • Gary Cohn resigning as top White House economic advisor

    Resignation comes after rumored fight over tariffs
    Gary Cohn is resigning from his position as White House National Economic Council director, the New York Times reported Tuesday. It appears that President Donald Trump’s recent announcement that the U.S. plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum was Cohn’s bridge too far.
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