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News
Fed leaves interest rates unchanged
1+ hour, 21+ min ago (732+ words) The Federal Reserve left interest rates unchanged for the fifth straight meeting on Wednesday. Nine members of the Federal Open Market Committee — also known as the FOMC — agreed to leave the chief policy rate in the current target range of…...
Unemployment falls to 4.2% as US economy adds 57,000 jobs
3+ week, 1+ day ago (618+ words) Hiring momentum cooled sharply in June as the economy added fewer jobs than expected. Employers added 57,000 new jobs last month, from May’s 129,000 gain, according to new data from the Bureau of Labor Statistics released on July 2. The consensus forecast had…...
Gold falls below $4K as dollar gains ground
1+ mon, 4+ day ago (376+ words) Gold fell below $4,000 per troy ounce for the first time since November as the U.S. dollar climbed to its highest level in more than a year. The precious metal opened on Wednesday at about $4,130 an ounce, down 0.5% from Tuesday’s closing price,…...
Bessent sees US growth above 3% despite Iran War
3+ mon, 1+ week ago (375+ words) Treasury Secretary Scott Bessent said the U.S. economy could grow more than 3% this year despite disruptions from the Iran war, while President Donald Trump said energy prices would soon fall sharply, limiting inflation risks. “I think the underlying economy remains strong,…...
Seniors group predicts COLA for next year’s Social Security payments
3+ mon, 2+ week ago (299+ words) In a news release, The Senior Citizens League said the forecasted COLA for 2027 would be the same as the adjustment implemented for 2026’s payments. The average benefits for retired workers would increase by $56.69, or from $2,024.77 to $2,081.46, it added. “Reforming Social…...
What Current Interest Rates Mean for Veterans Using VA Benefits in 2026
4+ mon, 1+ week ago (463+ words) Let’s break down what’s happening in the mortgage market, why it matters to veterans, and how you can make proactive moves this year. What does this mean for you? You’re still well-positioned to unlock real value in the market. VA…...
Social Security payment adjustment predicted to be 2.8% in 2027
4+ mon, 1+ week ago (483+ words) A seniors group said it is forecasting the cost-of-living adjustment for next year’s Social Security payments to remain steady at 2.8% as U.S. officials released the latest consumer inflation data on Wednesday. “That would be the exact same as last year’s…...
Dow hits 50,000 for first time ever
5+ mon, 3+ week ago (172+ words) Equity markets rallied Friday as the Dow Jones Industrial Average crossed the 50,000 threshold at 2:30 p.m. ET for the first time ever. President Donald Trump celebrated the news with a Truth Social post. “Congratulations America!” Trump wrote in all caps. The Dow…...
White House confident in economic growth as Black Friday spending rises
7+ mon, 4+ week ago (586+ words) The White House is more confident that the U.S. economy will grow in 2026 after spending around Thanksgiving and Black Friday rose, White House economic advisor Kevin Hassett said on Sunday. Hassett, who is head of the National Economic Council, said in…...
Consumer confidence drops as shoppers turn cautious ahead of holidays
8+ mon, 1+ day ago (363+ words) American consumers grew markedly more downbeat in November as confidence slid to its weakest level since April, retail spending cooled, and inflation worries continued to weigh on household finances, according to a run of new data pointing to softer momentum…...