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Bessent stokes flames for interest rate cuts, blaming housing crisis on high rates
The U.S. Secretary of the Treasury Scott Bessent has recently made worrying statements regarding the state of the housing market as a means of justifying interest rate cuts, as other factors like strong inflation data and weak job growth contribute to the accelerating rise in probability of such cuts in the next few months. U.S. Treasury Secretary Scott Bessent, Jim Watson/Getty Images. Bessent, a strong supporter of the Trump administration's push to cut rates down significa
Alexangel Ventura
Nov 32 min read
New home sales surge to record high as labor market weakens
The sales of family homes in the United States rose to their highest level in over 3.5 years as the labor market weakens, causing...
Alexangel Ventura
Sep 252 min read
Trump might declare national housing emergency, according to Scott Bessent
According to remarks from the Secretary of the Treasury Scott Bessent, the Trump administration is considering declaring a national...
Alexangel Ventura
Sep 42 min read
Record number of homebuyers abandon transactions in July
According to a new report from Redfin, a record percentage of home purchases fell through as rising homebuying costs prevented...
Alexangel Ventura
Aug 262 min read
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