Published June 24, 2025

June 23, 2025 Courtesy of Envoy Mortgage

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Written by Andrew Schmidt

June 23, 2025 Courtesy of Envoy Mortgage header image.

Market Spotlight

Week of June 23rd, 2025 | #166

What You Need to Know

Supply and Demand

Rate Update

🟡 Key Takeaway: The Fed held steady, but pressure is building—from both the White House and the world stage.


Last week, the Fed chose not to lower rates—just as expected. With the job market still strong and inflation steadily declining, most analysts now point to Q4 as the likely window for the first rate cut.

However, the pressure is mounting. The administration has publicly increased its calls for Jerome Powell to act sooner, and market watchers are paying close attention to how the Fed balances economic stability with political optics.


Outside of rates, global tensions are in focus. The escalating conflict in the Middle East could push oil prices higher, which may put upward pressure on inflation—complicating the Fed’s path forward.


Also worth noting: new housing starts just hit a five-year low, a sign that builders may be tapping the brakes while the market finds direction.

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