Mortgage Rates, Fed Rates Off Key
While the 30-year Mortgage Rate will commonly trends alongside the Fed’s target funds rate, that trend hasn’t followed suit in recent weeks. Following speculation about the new administration’s trade and tariff policies, borrowing rates have proved opposite of lowering Fed rates, which will impact buying power for major purchases including homes, automobiles and more. To […]
The New Administration & Ocean Freight Impacts
While the incoming administration has vowed to review, and possibly significantly increase tariffs on China, a Trump presidency is also slated to impact ocean container shipping costs as well. In the first round of Trump-enacted tariffs, ocean freight rates rose in tandem due to increased demand and urgency in clearing material into the US. A […]
Trump Victory Sparks Concerns on Tariff Policies
President-Elect Trump has outlined plans for new tariffs, not only targeting China but extending to other Asian countries, the Americas, and potentially regions worldwide. The proposed measures aim to bolster U.S. manufacturing but have raised concerns about inflation and profit margins for retailers and builders. With months to go before the new administration takes office, […]
Global Economies & 2025 Outloook
Despite recent positive economic data and a mostly robust outlook, the overall European economy still faces headwinds into 2025, with persistent core inflation, unsure policy direction and a range of geopolitical conflicts impacting a robust recovery, according to the IMF. Asian competition and growing full scale war concerns are two large trends impacting Europe’s ability […]
East Coast Port Strike “Halted”; Negotiations Set Through January 2025
The unions representing the U.S. Dock Workers & Port Operators agreed to an extension into January 15, 2025 this month, as the two sides get closer to a long term agreement. A multi-day strike made the unions’ position clear, and while ports are back to operational status, the new January deadline looms to make a […]
