The Fed Is Trapped — and Mortgage Rates at 7.41% Are the Proof
Powell is trapped between inflation and recession — and 7.41% mortgages are the visible symptom of a Fed that cannot act.
Theo Kaplan
Bureau: San Francisco
At 7.41%, the Housing Market Is Pricing Out a Generation
Existing home sales at 4.02M — lowest since 1995 — as the Fed's rate trap locks out an entire generation.
$49 Billion in Wall Street Bonuses — And the War Made It Uneven
The Q1 bonus pool is up, but it is not evenly distributed — energy desks are printing while everything else bleeds.
Tech Layoffs at 247,000 — AI Efficiency Meets War Uncertainty
247,000 tech sector cuts since the Iran war began — AI is the stated reason, but war uncertainty is the accelerant.