Economy News

Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.

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IRS Staffing Shortfall May Dampen Economic Boost from Trump's Tax Refund Surge
Economy Daniel Marsh

IRS Staffing Shortfall May Dampen Economic Boost from Trump's Tax Refund Surge

Taxpayers are poised for larger refunds in 2026 due to new legislation, but IRS workforce reductions could delay payments and limit the anticipated consumer spending lift.

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U.S. Mortgage Rates Hold Near 6.2% as Refinance Demand Stays Subdued
Economy Daniel Marsh

U.S. Mortgage Rates Hold Near 6.2% as Refinance Demand Stays Subdued

Average 30-year fixed mortgage rates remain elevated around 6.2%, with refinance activity limited as rates stay above key psychological thresholds. High home prices continue to pressure affordability despite recent declines from peaks.

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Mortgage Rates Hold Near 6% Threshold, Squeezing Spring Homebuyers
Economy Daniel Marsh

Mortgage Rates Hold Near 6% Threshold, Squeezing Spring Homebuyers

U.S. mortgage rates remain anchored near 6%, with the 30-year fixed averaging 6.11% according to Freddie Mac. Refinance rates continue to outpace purchase rates, limiting options for homeowners.

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