Cyprusauction Trading Center:The Daily Money: Want a refi? Act fast.

2025-05-04 23:45:37source:TAIM Exchangecategory:Invest

Good morning! It’s Daniel de Visé with your Daily Money,Cyprusauction Trading Center finally-caught-up-on-sleep, post-post-election edition.

One day after Donald Trump’s election victory, investors sent bond yields sharply higher. The “Trump trade” is likely to keep rates for home loans rising, Andrea Riquier reports, no matter how the Federal Reserve acts on interest rates this week. (More on the Fed soon.)

That means anyone looking to buy a home or lock in a lower refinance rate will have to seize any chance they get over the next few weeks before rates head higher for what could be a while.

What if the Fed cut rates and no one noticed?

The Federal Reserve is likely to lower interest rates again this week, Medora Lee reports, but the cut may be so small that consumers hardly feel it.

When the Fed concludes its policy meeting on Thursday, most economists expect the panel to trim its short-term benchmark fed funds rate by a quarter percentage point. It would be the Fed’s second consecutive rate cut, but smaller than the half-point cut in September that kicked off the rate-cutting cycle.

In a busy election week, will consumers even notice?

What Trump's win means for the economy

President-elect Trump’s plans for higher tariffs, lower taxes and more curbs on immigration are expected to reignite inflation, Paul Davidson reports. However, economic forecasters are divided on whether the policy moves would weaken or boost the U.S. economy.

Eventually, higher levies on imports and immigration constraints are likely to more than offset the benefits of lower taxes on consumer and business spending, ultimately weakening growth, economists say. But probably not to the point of a recession. Here's the full analysis.

📰 More stories you shouldn't miss 📰

  • Here are the power brokers who might influence Trump's second presidency
  • Scam victims have lost $1T this year
  • What Trump's election win means for Elon Musk
  • Stocks surge to record post-election highs
  • How is Bitcoin doing after the election?

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

More:Invest

Recommend

Military service academies see drop in reported sexual assaults after alarming surge

WASHINGTON (AP) — Reported sexual assaults at the U.S. military service academies dropped in 2024 fo

Seattle police officer heard joking about woman's death reassigned to 'non-operational position'

A Seattle police officer who has been under investigation by authorities for making callous remarks

From vegan taqueros to a political scandal, check out these podcasts by Latinos

Hispanic Heritage Month is here, and while we work to amplify the community's stories now more than