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News
Trump threatens to halt trade unless Fed cuts rates
15+ hour, 40+ min ago (517+ words) eciks.org President Donald Trump threatened on Friday to halt trade with countries that run trade deficits with the United States unless the Federal Reserve cuts interest rates, escalating his pressure campaign on the central bank following a stronger-than-expected jobs…...
Social Security COLA for 2027 estimated at 3.5% as inflation data cools
1+ day, 9+ hour ago (513+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Jobs report shows 162,000 payroll gains in August as unemployment holds at 4.1%
1+ day, 18+ hour ago (268+ words) The payroll gain exceeded economists’ expectations, which had ranged from 53,000 to 65,000 new jobs. Job switchers saw their base wages increase by 4.7 percent year-over-year, while average hourly earnings rose 0.3 percent for the month and 3.1 percent over the past year, according to…...
Trump demands lower interest rates as Fed signals potential hike
1+ day, 15+ hour ago (728+ words) eciks.org Update (Sep 5): Fed Governor Michael Barr signaled on September 1 that he is considering a rate hike, joining at least five other voting members in supporting a potential increase, with traders now betting on a quarter-point hike to 3.75%-4% at…...
10-year Treasury yield hits highest level since November 2023
3+ day, 18+ hour ago (623+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Social Security average benefit hits $2,080 per month in 2026
4+ day, 21+ hour ago (492+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
VIX volatility index jumps 5% as US-Iran tensions spike oil prices
5+ day, 10+ hour ago (489+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Social Security 2027 COLA estimated at 3.6%, highest in four years
6+ day, 1+ hour ago (252+ words) Social Security beneficiaries are tracking a 3.6% cost-of-living adjustment for 2027, the highest increase since 2023’s record 8.7% surge, according to the latest estimates released in August 2026. The estimate, calculated by the Senior Citizens League based on recent inflation data, represents a significant…...
Warsh signals rate hikes may be needed at Jackson Hole speech
1+ week, 18+ hour ago (345+ words) Federal Reserve Chair Kevin Warsh signaled at the Jackson Hole Economic Policy Symposium on Friday that interest rate hikes may be needed if inflation doesn’t move more decisively toward the central bank’s 2% target, marking his clearest hint yet on potential…...
Mortgage rates drop to 6.53% today, easing home-buying costs
1+ week, 3+ day ago (601+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...