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The 30-year fixed rate hit 6.65% as spring inventory arrived, creating a standoff between motivated sellers and rate-shocked buyers that threatens to freeze the market.
The S&P 500 closed lower for a fifth consecutive week as defense and energy stocks outperformed while technology and consumer discretionary sectors bore the brunt of losses.
The Dow Jones Industrial Average officially entered correction territory, falling more than 10% from its December peak as geopolitical risk reprices US equities.
Goldman Sachs economists lifted their US recession probability to 30% after Brent crude topped $105 a barrel, warning that sustained energy costs will squeeze consumer spending.
Major US indexes tumbled sharply as escalating Iran tensions, surging oil prices, and investor flight to safety produced Wall Street's worst weekly loss since hostilities began.
The OECD projects the United Kingdom will suffer the largest GDP hit among G7 nations from the Iran conflict, with growth slashed to 0.6% as energy costs and trade disruption bite.
The Bureau of Economic Analysis revised fourth-quarter GDP growth down to an annualized 0.7%, while core PCE inflation was marked up to 3.1%, complicating the Fed's rate path.
The OECD reversed its earlier growth upgrade for 2026, warning that the Iran conflict has added 0.4 percentage points to global inflation and shaved GDP forecasts worldwide.
Federal Reserve data shows median American savings fell 12% in 2025 as inflation eroded purchasing power, with stark generational and regional divides shaping the savings landscape.
With the Fed holding rates steady, the best high-yield savings accounts still pay above 4.50% APY. We compare top offers from online banks and credit unions for March 2026.
The Fed faces a classic stagflation bind: oil-driven inflation argues for rate hikes while a slowing jobs market argues for cuts. Jerome Powell's room to maneuver is narrowing fast.
AI-powered chatbots, real-time messaging, and voice assistants are replacing static lead forms, cutting response times by 80 percent and increasing qualified lead generation for businesses of all sizes.
