Stephen Basaha
speaker
251 appearances
37 recordings
1 series
first heard Dec 2025
last heard 6 Sep
Stephen Basaha’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 37 in all, peaking in Jun 2026 with 18.
Appearances
President Trump made it clear before nominating Kevin Warsh that he wants the Fed to cut interest rates.
But when policymakers meet Tuesday and Wednesday, they are expected to keep rates steady.
May's strong job report lessened the argument that a cut is needed.
And May's Consumer Price Index puts more pressure on the Fed to raise rates at some point after prices rose 4.2 percent over the last 12 months.
Investors will watch closely at what war says for signs about the Fed's future interest rate plans.
Tuesday will also provide the latest on home construction for May after the market slowed down in April.
New home starts were down 9 percent in April from a month earlier.
Stephen Masaha, NPR News.
May's solid existing home sales could be a sign the housing market is starting to shake off the slump it's been in since mortgage rates shot up four years ago.
First-time buyers made up 35% of existing home sales, but the increase was not evenly spread.
The Northeast still has a lack of available homes to buy, and sales there were down 8% from a year earlier.
More expensive homes also saw the biggest jump.
Sales for million-dollar homes and above were up 11 percent.
And there are mixed signals in the housing market.
Redfin reported new home listings and mortgage purchase applications fell in late May as the war with Iran and renewed inflation concerns pushed mortgage rates up.
Stephen Basaja, NPR News.
It was expected to be a strong home buying season.
Average interest rates for a 30-year fixed mortgage dropped below 6% in February, the first time in three and a half years.
But the war against Iran increased the cost of borrowing, and this week the mortgage rate is about 6.5%.
Real estate business Zillow says sales in May were below where they were a year ago, nearly 3 percent, and housing recovery is back on pause.
Showing 181–200 of 251 · page 10 of 13
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