Revoked: The Supreme Court has lifted a lower-court order that directed the Trump administration to reinstate about 16,000 federal employees it fired, with justices saying that nonprofit organizations saying they were harmed through a reduction in public services do not have standing to file suit. Read more from The Wall Street Journal.
Fluctuating market: Mortgage rates hit their highest level in over a month this week, reversing its recent trend of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 basis points Tuesday to 6.85%, according to Mortgage News Daily, fully erasing the decline from last week. Read more from CNBC.
Easter egg hunt: Consumer spending in the U.S. is expected to rise 5% this Easter despite concerns of lingering inflation and economic uncertainty. Shoppers are expected to pay around $23.6 billion this year, compared to last year’s $22.4 billion, according to a National Retail Federation report released Tuesday. Read more from Reuters.
