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Economist Peter Schiff pushed back on Trump's attacks against Fed Chair Jerome Powell, arguing that not cutting rates may actually support housing. Mortgage rates have eased this summer, with 30-year averages at 6.58%, and purchase applications now outpacing 2024. Powell's Jackson Hole speech Friday could offer clues on the Fed's rate path. Retail sentiment on SPY stayed bullish.
short by / 01:34 pm on 22 Aug
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