Economic Indicators

The average rate on the 30-year fixed mortgage fell this week to 6.58%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.63%.

Housing affordability crisis deepens as Treasury Secretary Bessent announces plans to address mortgage rates through potential sale of government stake in Fannie Mae and Freddie Mac

The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns about inflation's economic impact.

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.

Treasury Secretary Scott Bessent defended releasing monthly jobs reports amid accuracy concerns, emphasizing the need for improved data collection rather than pausing monthly releases.

The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.

A key official in the Trump administration's economic team touted the July CPI inflation report as evidence that tariff-induced inflation isn't going to materialize as economists fear.

Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.

Applebee's and IHOP combined restaurants feature streamlined 105-item menus and cross-trained staff, creating a more efficient and profitable business model.

The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.

Fed Governor Michelle Bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its July meeting.

The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took effect, complicating the Fed's rate cut outlook.

A sprawling 11,000-square-foot California coastal retreat with six bedrooms and ocean views used a Dutch auction pricing strategy in the La Jolla market.

During an Oval Office meeting, pro-Trump economist Steve Moore said the president made the right call to fire the head of Bureau of Labor Statistics given faulty jobs projections.

Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.

Moody's chief economist Mark Zandi warned that the U.S. economy is on the precipice of recession as weak jobs data and rising inflation complicate the Federal Reserve's policy moves.

The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market expectations shifting from a hold to a 25-basis-point cut.

The Bureau of Labor Statistics' jobs report revisions are standard practice to improve data accuracy as more businesses respond to surveys, contrary to President Donald Trump's claims of rigged numbers.

Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the BLS commissioner following a weak jobs report.

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.