China Rejects U.S. Overture as Tariff Tensions Escalate
China has dismissed reports of progress in U.S. trade talks, insisting on the full removal of tariffs and labeling the negotiations “groundless.” Despite President Trump's suggestion that “145% is too high” and hints at reducing tariffs, China retaliated by raising duties on U.S. goods to 125%. Treasury Secretary Bessent emphasized that any tariff cuts must be mutual, calling the current system “unsustainable.” Market optimism faltered as stock futures slipped, reflecting growing uncertainty amid escalating global trade tensions and mixed signals from Washington. Read more

March Home Sales Hit Lowest Level Since 2009 as High Rates Weigh on Buyers

Existing home sales fell 5.9% in March, reaching their slowest pace for the month since 2009. While inventory rose by 20% compared to the previous year, high mortgage rates—above 7% for much of early 2025—are dampening demand. The median home price remains elevated at $403,700, though the annual price increase is slowing. With affordability challenges and first-time buyers still below historic levels, the housing market faces additional pressure as economic uncertainty casts a shadow over spring sales. Read more

Fed’s Hammack Urges Patience Amid Tariff-Driven Uncertainty

Cleveland Fed President Beth Hammack called for a cautious, data-driven approach to monetary policy as the economy adjusts to the ongoing impacts of tariffs. She stressed the need for "clear and convincing" data before making any policy changes, signaling that there is no rush to cut rates despite ongoing speculation. With economic outcomes still uncertain, Hammack emphasized the importance of flexibility and patience in navigating the current trade-driven uncertainty. Read more

Consumers Adjusting Financially as Tariffs Drive Up Costs: Experts Share Priorities
As tariffs increase everyday expenses and economic uncertainty deepens, Americans are tightening their budgets and reassessing their financial priorities. A staggering 85% of consumers are concerned about the impact of trade policies, with confidence declining and emergency savings becoming a top focus. From cutting back on spending to preparing for a potential recession, households are quickly adjusting to growing financial pressures.. 

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