The Fed just revealed that tariffs could keep inflation high, meaning rate cuts are on hold for now. President Trump is considering 25% tariffs on cars, pharmaceuticals, and semiconductors, and the Fed expects businesses to pass those costs to consumers.
That means inflation stays high, and mortgage rates could remain elevated for longer. Markets now expect rate cuts in July or later.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate