Trump promised ‘rocket fuel.’ The economy got a ‘big yawn’ housing bill and higher debt than defense costs instead

Source: Fortune· Josh Boak, The Associated Press· August 1, 2026
Trump promised ‘rocket fuel.’ The economy got a ‘big yawn’ housing bill and higher debt than defense costs instead

Trump promised rate cuts; instead 10-year Treasury yields topped 4.7% and 30-year mortgage rates sit at 6.66%.

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