Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Treasury Plans to Use Iranian Assets for Gulf Allies' Reconstruction
The plan comes as the U.S.-Iran war passes the three-month mark and oil prices rise due to the closure of the Strait of Hormuz, a critical waterway.
Trader Joe's Receipt Settlement Deadline Approaches for Qualifying Shoppers
Qualifying customers who shopped at affected stores during a five-month period in 2019 may be eligible for an estimated $102.45 payment from the $7.4 million class action settlement.
U.S. Mortgage Rates Are Staying High — and the Federal Reserve Can Do Little About It
The 30-year rate hit 6.48% this week, leaving homebuyers with few options despite pressure from President Trump on the central bank to cut borrowing costs.
U.S. Mortgage Rates Stay Above 6% as Fed Influence Remains Limited
The 30-year rate reached 6.48% on June 4, leaving homebuyers facing elevated borrowing costs despite the central bank's recent rate cuts.
U.S. Employers Add 172,000 Jobs in May as Labor Market Shows Resilience Amid Iran War Costs
The unemployment rate held steady at 4.3% while hiring has now exceeded 100,000 jobs for three consecutive months, according to the Labor Department report.
Bipartisan Summit Proposed as Solution to Address Growing Debt and Social Security Solvency
Op-ed from former congressional staff argues a two-step process of expert commission followed by legislative summit could achieve $2.9 trillion in deficit reduction.
Justice Department Alleges SPLC Paid KKK Members to Stay Active, Funded Robes and Cross-Burnings
Federal prosecutors say the civil rights organization paid more than $4.1 million to informants embedded in extremist groups between 2010 and 2023.
Federal Judges Say Elected Officials Are Eroding Confidence in Judicial System
324 threats against federal judges have been recorded so far this year, according to the U.S. Marshals Service, as rhetoric from national leaders intensifies scrutiny of courts.
Thune Plans to Move Forward on Stalled $72B Budget Reconciliation Bill Wednesday
The measure would fund ICE and Border Patrol through 2029, with a marathon vote-a-rama expected to stretch into Thursday morning.
Canada Formally Requests 16-Year Renewal of USMCA Trade Pact
Ottawa faces pressure from opposition over economic performance as July deadline approaches for North American trade agreement