Nasdaq Falls 2.1% as Tech Stocks Lead Wall Street Selloff
The Nasdaq Composite fell 2.1% on Friday, October 16, closing at 26,140.03 as selling in…
Week Ahead: Housing Starts and Wage Data Test US Economy
The U.S. economy faces two important tests in the week of October 19–23, as fresh…
Fed Reveals $1.5 Trillion in U.S. Private Credit Business Loans
The Federal Reserve has detailed nearly $1.5 trillion in outstanding private credit loans as of…
Kevin Warsh Links AI Boom to Inflation, Gives No October Rate Signal
Federal Reserve Chair Kevin Warsh said on Friday, October 16, that the artificial intelligence investment…
IRS Begins Automatic Adoption Credit Refunds for 50,000+ Taxpayers
The Internal Revenue Service has begun issuing automatic refunds to more than 50,000 taxpayers who…
Fed Reserve Balances Average $3.02T, Falling $7.5B in Latest Week
Reserve balances held by U.S. depository institutions at the Federal Reserve averaged $3.022 trillion in…
Philadelphia Fed Factory Index Falls to 20.9 as New Orders Weaken
Manufacturing activity in the Philadelphia Federal Reserve’s district slowed sharply in October as new orders…
30-Year Mortgage Rate Holds at 7.40% for Second Week
The average U.S. 30-year fixed mortgage rate held at 7.40% for a second consecutive week,…
US Crude Oil Inventories Fall 8.6 Million Barrels as Imports Slide
U.S. commercial crude oil inventories fell by 8.6 million barrels to 415.6 million barrels in…
US Retail Sales Rise 0.8% as August Gain Revised Up to 1.3%
U.S. retail sales rose 0.8% in September as gasoline station receipts jumped 6.4%, while August’s…
US Wholesale Prices Rise 1.3% as September Gasoline Surges 20.3%
U.S. wholesale prices jumped 1.3% in September, their biggest monthly increase in more than four…
Treasury, IRS Propose Stricter Health Tax Credit Rules for 2027
The U.S. Treasury Department and Internal Revenue Service have proposed new regulations tightening eligibility and…
Social Security Confirms 3.6% COLA for 2027, Adding $75 a Month
The Social Security Administration confirmed a 3.6% cost-of-living adjustment (COLA) for 2027 on October 14,…
Fed Beige Book Shows Nine Districts Growing, but Spending Flat
The U.S. economy expanded across nine of the Federal Reserve’s 12 districts, but consumer spending…
U.S. Real Hourly Earnings Fall 0.5% as September Prices Surge
U.S. inflation-adjusted hourly earnings fell 0.5% in September 2026 as consumer prices increased faster than…
U.S. Home Sales Rise 1.5% in September but Stay Below 4 Million
U.S. existing-home sales rose 1.5% in September 2026 to a seasonally adjusted annual rate of…
September CPI Preview: Inflation Data to Test Fed’s 2026 Rate Path
U.S. consumer inflation is expected to accelerate in September as higher gasoline and food prices…
U.S. Treasury Imposes Over $1.21B in Penalties on Bank of America
The U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America…
MBA Unveils 20 Housing Reforms to Lower Costs for U.S. Homebuyers
The Mortgage Bankers Association (MBA) unveiled 20 proposed reforms on October 12 aimed at lowering…
Fed’s Hammack Says Restrictive Rates Needed to Curb Inflation
Cleveland Federal Reserve President Beth Hammack said Monday, October 12, that restrictive monetary policy is…
MBA Sees Mortgage Originations Falling 5% in 2027 to Below $2T
The Mortgage Bankers Association expects U.S. single-family mortgage originations to fall 5% in 2027 to…
5.5% of Families Have Low Wealth, No Support Network
New Federal Reserve research finds that financially vulnerable families face a second disadvantage: weaker access…
Fed Researchers Find Oil Futures May Overstate Price Outlook
Federal Reserve researchers have found that oil futures prices may overstate investors’ expectations for future…
Fed Data: U.S. Bank Credit Growth Slows to 3.1% in September
U.S. bank credit growth slowed to a seasonally adjusted annualized rate of 3.1% in September…