Mortgage Rates, Inflation, Fed Debates, And Mark Cuban's Take On Tariffs: This Week In Economics

The past week has been a rollercoaster ride for the financial world. From a sudden shift in mortgage rates to unexpected inflation figures, the economic landscape has been anything but predictable. The Federal Reserve has been at the center of heated debates, while billionaire Mark Cuban has voiced his opinions about tariffs.

Here’s a quick recap of the top stories.

Mortgage Rates Take a U-Turn

Homebuyers were left in the cold as mortgage rates made a dramatic U-turn, causing a 5% drop in applications. This shift has led to a reevaluation of the Federal Reserve’s policy by the markets. The iShares Residential and Multisector Real Estate ETF is one to watch in this changing landscape.

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September Inflation Surprises

The U.S. inflation rate continued its six-month decline in September, albeit at a slower pace than economists had anticipated. Meanwhile, jobless claims saw their largest weekly increase since July 2023, complicating the outlook for interest rates. The SPDR Dow Jones Industrial Average ETF could be impacted by these developments.

Read the full article here.

See Also: Nasdaq, S&P 500 Futures Slip As September CPI Data Looms, Tesla On Radar Ahead Of Robotaxi Event: Strategist Offers Stock Tips Aligned With Presidential Candidates’ Trade Policies

Controversy Over ‘Shadow Fed Chair’

A proposal by a Donald Trump advisor to establish a "shadow Fed chair" has been met with criticism from economist Claudia Sahm. The plan could potentially undermine current Federal Reserve Chair Jerome Powell, leading to uncertainty in the markets. JPMorgan Chase is one company that could be affected by this proposal.

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Fed Minutes Reveal Heated Debate

Minutes from the September Federal Open Market Committee (FOMC) meeting revealed a heated debate over interest rate cuts. The discussion highlighted diverging views on the pace of monetary policy easing amid inflation concerns and solid economic growth. The Invesco DB USD Index Bullish Fund ETF and SPDR S&P 500 could be influenced by these discussions.

Read the full article here.

Mark Cuban Criticizes Trump’s Tariffs

Billionaire entrepreneur Mark Cuban has criticized former President Donald Trump's proposed tariffs, advocating instead for strategic approaches to boost U.S. manufacturing. Cuban’s comments have sparked a lively debate on global trade and domestic production.

Read the full article here.

Read Next:

• S&P 500 Hits New All-Time High Ahead Of Fed Minutes As Lower Oil Prices Offer Relief: What’s Driving Markets Wednesday?

Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Ananya Gairola