Economic Indicators

The average rate on the 30-year fixed mortgage fell this week to 6.35%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.5%.

The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.

The Bureau of Labor Statistics' preliminary benchmark revision showed the U.S. economy added 911,000 fewer jobs than previously reported from April 2024 to March 2025.

Data from the New York Federal Reserve showed Americans' confidence in finding new jobs hit a record low of 44.9% in August, the lowest since tracking began in 2013.

Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.

National Economic Council Director Kevin Hassett says Federal Reserve monetary policy should remain independent from political influence, including from President Donald Trump.

Bank of America Institute data shows small business hiring slowed 6.7% year-over-year as of July as tariff payments by importing firms surged nearly 170% since early this year.

The Labor Department's August jobs report revealed immigrant worker employment declined by 822,000 since last year while U.S.-born worker employment rose by 2.76 million.

The Labor Department released the August jobs report which showed that job growth continued at a subdued pace amid economic uncertainty over trade policy.

The average rate on the 30-year fixed mortgage fell this week to 6.5%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.56%.

The figure reported on Thursday is below economists’ estimates of an increase of 65,000 jobs and also down from the prior month’s revised reading of 106,000 jobs.

New York City mayoral candidate Zohran Mamdani's $30 minimum wage plan could lead to employers replacing lower-skilled workers with automated tools like self-serve kiosks.

European Central Bank President Christine Lagarde warns that President Trump's threats to the Federal Reserve's independence pose serious economic risks to the U.S. and world.

The Commerce Department released the July PCE inflation report which showed the growth of consumer prices remained elevated as the Federal Reserve considers an interest rate cut.

The average rate on the 30-year fixed mortgage fell this week to 6.56%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.58%.

Trump administration's energy policies are driving gas prices to five-year lows at $3.15 per gallon, down from $3.29 in 2024 and $3.77 in 2022.

The U.S. economy grew at a revised 3.3% rate in Q2 2025, exceeding initial estimates and economist predictions based on the Commerce Department's latest GDP data.

Trump imposes 25% tariff on India imports over Russian oil purchases, pushing some duties to 50% as retaliation for New Delhi's discounted crude imports.

Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a potential interest rate cut at the Fed's next meeting.

Consumer spending on live sporting events is up 25% compared to pre-pandemic levels and benefiting surrounding restaurants and bars, a Bank of America Institute report found.