Trump hits Federal Reserve Chair Powell over housing industry in latest attack, blasting mortgage rates
1. Trump criticized Powell for affecting the housing market negatively. 2. CPI rose 0.2% in July, indicating ongoing inflation concerns. 3. Wholesale inflation exceeded expectations, raising inflation pressure concerns. 4. The 30-year mortgage rate decreased to 6.58%, lowest since October. 5. Powell's upcoming speech may influence market expectations on rate cuts.