A Trump-induced interest rate cut won’t actually lower mortgage rates
Stock prices spiraled once President Donald Trump unveiled his sweeping tariff regime on so-called “Liberation Day.” But it appeared a bond sell-off caught his attention (although he denies it), and he put some tariffs on ice. That sell-off sent longer-term yields soaring, and as Fortune’s Shawn Tully wrote, Trump “is obsessed with rates on 10-year … Read more