The 30- year fixed-rate mortgage averaged 6.66% in the week ending Aug. 14, down four basis points from the previous week. While growing inflation should theoretically make the Federal Reserve less likely to cut rates in September, market analysts are buoyed by inflation accelerating slower than previously feared. While the Federal Reserve doesn't set…
Economic News
The overall index for Creighton University's Rural Mainstreet survey in July slipped to 50.6 from June's 51.9, though it was only the second time since July- August 2023 that it was above growth-neutral for two straight months. "Until ag commodity prices move to above breakeven, especially for corn and soybeans, I will continue in my bearish outlook for our 100%…
President Donald Trump likes to stir things up, and he's done it again with his choice of Stephen Miran to fill an open seat on the Federal Reserve Board of Governors. We can't recall when a president nominated to the Fed someone whose abiding policy conviction is to weaken the U.S. dollar. Manage a decline in the dollar's value over time by reducing the global…
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next month and leaving the tension between the U.S. central bank and the White House unresolved. The Producer Price Index increased 0.9% in July on a…
The Federal Reserve plays a significant role in your economic well-being and establishes monetary policy. Its Prime Directive is to maintain the value of the U.S. dollar so we don't experience inflation or stagnation. The Fed implements monetary policy using two basic tools: Fed Fund interest rates and the number of dollars in circulation.
—One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring? The uncertainty also means that Fed Chair Jerome Powell's speech next Friday in…
This was driven by US inflation data, which strengthened expectations of a Federal Reserve rate cut in September, boosting global risk appetite. On the European side, the European Central Bank ended its monetary easing cycle in July after eight cuts over the past year, leaving borrowing costs at their lowest since November 2022. Overall, trade risks remain, with…
The bill extends President Trump's 2017 tax cuts. $930 billion in cuts to Medicaid $285 billion in cuts to SNAP $157 billion to boost military spending $150 billion for immigration enforcement $488 billion in cuts to clean energy credits $10 billion for Mars missionNo tax on tips, overtime, car loans Increase debt ceiling by $5 trillion. Senator Thom Tillis…
That "s what my trusty spreadsheet review found in bill-payment data for consumers from the Federal Reserve Bank of New York. The Fed examined debt levels and timely payments from 2003 to the second quarter of 2025 in 11 big states– including California– and nationwide. In the second quarter, 0.5% of all the dollars in California mortgages were 90 days late or more.
Ultimately, this is a market that I think is probably one that I do want to remain bullish of, despite the fact that the Federal Reserve might have to cut rates. After all, the interest rate differential between the United States and Japan is wide enough to drive a truck through, meaning that you get paid at the end of every day, even if we were to see one or two…
We can't recall when a President nominated to the Fed someone whose abiding policy conviction is to weaken the U.S. dollar. Mr. Miran has been chairman of the White House Council of Economic Advisers in Mr. Trump's second term. For Mr. Miran, this is a matter of conviction.
Morgan Wealth Management, where he served as managing director and CFO. With over 20 years of experience in global financial services, Siergiejuk started his career in investment banking at Credit Suisse, advising financial institutions on M&A, IPOs and capital raising. He began his career at the U.S. Securities and Exchange Commission in Washington, D.C., where…
Redfin reports the median monthly mortgage payment fell to a seven-month low of $2,631 during the four weeks ending August 10, down $215 from its May peak of $2,846. Redfin’ s head of economics research Chen Zhao said potential homebuyers may end up being too late if they wait for the Federal Reserve to cut interest rates before starting their home search in…
President Donald Trump has stirred things up again with his choice of Stephen Miran to fill an open seat on the Federal Reserve Board of Governors. We can't recall when a president nominated to the Fed someone whose abiding policy conviction is to weaken the U.S. dollar. Manage a decline in the dollar's value over time by reducing the global demand for the U.S….
Low job growth, less construction activity and inflation numbers are all indicating the Texas economy is slowing down, according to a Monday report out of the Federal Reserve Bank of Dallas. The economic slowdown comes during a time when the Trump administration is reshaping global trade and immigration policy— two key factors in the Texas economy.
While I don’ t think that PPI is going to be a massive long-term influence on the markets, it is worth paying attention to the idea of inflation in the United States, because it can give traders an idea as to how monetary policy might evolve. Ultimately, the NASDAQ loves low interest rates and there is an expectation that the Federal Reserve will start cutting…
The EUR/USD exchange rate continued its rebound as investors adopted a risk-on sentiment following this week’ s US consumer inflation data and its impact on the Federal Reserve. The EUR/USD pair soared after Scott Bessent, the Treasury Secretary, urged that the Federal Reserve to cut interest rates by 150 basis points, lower than the 300 bps that Donald Trump…
The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers. The Fed cut rates at three meetings at the end of 2024, in September and at…
According to news reporting from Basel, Switzerland, by NewsRx journalists, research stated,“ We present a ranking of journals geared toward measuring the policy relevance of research. For more information on this research see: A Journal Ranking Based On Central Bank Citations. Federal Reserve Bank of St Louis Review, 2025; 107: 1-14. Federal Reserve Bank of St…
