Mortgage rates drop for the 1st time in months
There’s good news for would-be home buyers.
US Economy
US inflation worsened last month, putting Fed in difficult spot as job market slows
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Car companies paid $1B+ in tariffs
U.S. tariffs hit car companies hard in July.
Industries losing jobs due to tariffs
Some of the industries most exposed to tariffs are losing jobs.
Wall Street ticks toward another record
U.S. stocks are ticking toward another record on Tuesday.
Home-buyers feeling uncertain
A recent report shows home purchases are getting cancelled at a record rate.
Trump’s job market promises fall flat as hiring collapses and inflation ticks up
The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold.
Survey: One third of CEO’s exploring shorter workweek
Nearly a third of a large of U.S. companies are considering a shortened work-week to help combat burn-out.
Fed chair says there’s no rush to cut interest rate
The Federal Reserve is in no rush to cut interest rates.
Biden administration would cap credit card late fees at $8, part of campaign against junk fees
The Biden administration announced a rule Tuesday to cap all credit card late fees, the latest effort in the White House push to end what it has called junk fees and a move that regulators say will save Americans up to $10 billion a year.
