“Builders are exercising caution due to the economic uncertainty stemming from the Trump administration’s advancement of a trade war and mass deportations,” a Realtor.com senior economist said after the data was released.
Consumer prices rose 2.8% from a year earlier, data revealed. It’s a deceleration from January, but doesn’t appear to be enough to warrant an immediate interest rate cut.
Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working everyday to lower prices, and China would eat any tariffs.