News
Federal Reserve’s Unexpected Move May End Trump Bull Market Abruptly
2+ hour, 41+ min ago (287+ words) Since Trump's inauguration on January 20, 2025, the stock market has seen substantial growth. The Dow has risen by 13%, the S&P 500 by 15%, and the Nasdaq Composite by 18% as of February 3, 2026. These increases reflect the president's influence, supported by various legislative measures…...
Today’s Mortgage Interest Rates: February 4, 2026 Update
11+ hour, 22+ min ago (507+ words) As of February 4, 2026, today's mortgage interest rates mark a significant shift from last year, presenting a timely opportunity for both prospective homebuyers and current homeowners. With an average 30-year mortgage rate hovering around 5.99% and a 15-year rate at 5.50%, the current…...
US Jobs and Inflation: Brace for a Double Impact
17+ hour, 19+ min ago (184+ words) Investors and policymakers are preparing for critical economic reports from the United States this week. The reports will focus on jobs and inflation, two significant indicators of economic health. This week features two pivotal reports: the January jobs report on…...
CFTC Updates Guidance on Payment Stablecoin Definition
1+ day, 17+ hour ago (230+ words) The Commodity Futures Trading Commission (CFTC) has announced important updates regarding the definition of payment stablecoins. The Market Participants Division has reissued CFTC Staff Letter 25-40 with revisions that expand the scope of eligible issuers. The primary revision allows national trust…...
February 6, 2026: Update on Current Refi Mortgage Rates
2+ day, 3+ hour ago (227+ words) This persistent high rate environment, coupled with the specter of rising inflation, has left many homeowners in a quandary about whether to refinance or hold out for more favorable terms. The recent slight drops in mortgage rates observed in late…...
Mortgage Rates Rise Slightly, Hover Near 6%
2+ day, 15+ hour ago (352+ words) Mortgage rates have inched upward this week, signaling a complex interplay of market forces that could have significant ramifications for prospective homebuyers and existing homeowners alike. According to Freddie Mac's latest Primary Mortgage Market Survey, the average rate on a…...
“Planet Money’s Top 5 Economics Papers from the Super Bowl Event”
5+ day, 2+ hour ago (268+ words) Bassyonni 31 Jan 2026 A noteworthy paper titled "The Rise of Industrial AI in America" was authored by Kristina McElheran, Mu-Jeung Yang, Zachary Kroff, and Erik Brynjolfsson. It investigates how adopting AI technologies affects firm productivity. The research indicates an initial decline…...
Kevin Warsh Faces Unprecedented Fed Challenge Since Post-WWII Era
1+ week, 1+ day ago (326+ words) The newly appointed Federal Reserve chairman, Kevin Warsh, finds himself facing an unprecedented challenge reminiscent of post-World War II America. This critical juncture arises amidst a severe budget crisis, the most significant the country has faced in the last 70 years....
Four New Fed Voters Could Challenge Trump’s Lower Rates Agenda
1+ week, 4+ day ago (386+ words) President Donald Trump is expected to announce his nominee for the next Federal Reserve chair soon. The chosen candidate will need to advocate for substantial interest rate reductions. However, the new appointee will confront a revamped Federal Open Market Committee…...
Consumer Confidence Plummets to Lowest Level Since 2014
1+ week, 4+ day ago (299+ words) Consumer confidence in the United States has reached its lowest point since 2014. According to the Conference Board's Consumer Confidence Index, the index dropped to 84.5 in January, a decline of 9.7 points from the previous month. This downturn reflects growing concerns over…...