Economic Update | Week Ending March 8th, 2025
Tina Lucarelli
Entrepreneur, Leader for Arego Life Intl. Looking for like-minded individuals to launch in your country.
?? Weekly Economic Highlights ??
It was a volatile week across Wall Street, bond markets, and mortgage markets. Stocks ended the week sharply lower despite a slight rebound on Friday. The turbulence was largely driven by uncertainty surrounding the Trump administration’s tariffs. A 25% tariff on imports from Canada and Mexico and a 20% tariff on imports from China went into effect on Tuesday. However, by Wednesday, some tariffs—such as those on Canadian automobiles—were postponed for a month.
Mixed signals from officials added to the uncertainty. Treasury Secretary Scott Bessent and others suggested the tariffs may be short-lived, while President Trump indicated more tariffs could be on the horizon. This uncertainty made it difficult for businesses to plan, fueling investor concerns and driving markets lower. Bond yields and mortgage rates fluctuated as investors weighed the potential economic impact—whether tariffs could trigger a slowdown and raise unemployment or simply drive up inflation by increasing costs.
?? February Jobs Report ?? The U.S. economy added 151,000 new jobs in February, up from a revised 125,000 in January. While this was below the 160,000 jobs economists had forecasted, private-sector job growth was stronger, as 161,000 non-government jobs were added. The unemployment rate edged up slightly to 4.1%, from 4.0% in January. Average hourly wages rose 4.0% year-over-year, slightly down from 4.1% in January.
?? Stock Market Performance ??
?? Treasury Yields & Mortgage Rates ??
Market fluctuations underscore the importance of staying informed. If you’re navigating real estate decisions in this uncertain climate, feel free to connect! ??
Tina Lucarelli - Global Real Estate Advisor
DRE 02102354
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