What is the Fed's outlook for interest rate cuts, inflation and jobs for the remainder of the year?
Federal Reserve policymakers projected inflation will rise to 3% in 2025 while unemployment will reach 4.5% as the central bank begins cutting rates after holding them steady all year.
Is a more affordable housing market on the horizon?
Experts weigh in on the state of the U.S. housing market and project whether the affordability crisis plaguing prospective buyers will ease in the near future.
Portnoy hosts ‘One Bite’ pizza fest for more than 10,000 people in New York City
More than 10,000 people from across the country tried out more than 40 of Dave Portnoy's favorite pizzerias.
Trump advocates for shift from quarterly to semiannual earnings reports
President Donald Trump suggests companies report earnings twice yearly instead of quarterly, requiring SEC approval and citing potential cost savings for businesses.
Buyers are gaining the upper hand in these major US housing markets
Miami tops buyer's markets with 9.7 months of housing supply, while Austin and Orlando follow with significant inventory increases and price cuts.
Homeownership costs spike as insurance premiums, other fees rise
U.S. homeowners with mortgages now spend 21.4% of income on housing costs as monthly expenses jumped nearly 30% over five years, the Census Bureau reported.
Social Security beneficiaries expected to get bigger cost-of-living-adjustment in 2026
Social Security beneficiaries may receive an estimated 2.7% cost of living adjustment (COLA) in 2026, which would raise average monthly benefits by $54 based on recent inflation data.
Labor Department inspector general announces audit of BLS data collection challenges
The Labor Department inspector general launched a review of BLS economic data collection issues following Trump's firing of the BLS commissioner and massive job revisions.
Gasoline's burden on Americans' wallets lightest since 2005
Americans will spend less than 2% of their disposable income on gasoline in 2025, the lowest share since 2005, as the EIA forecasts significant price decreases.
Mortgage rates tumble, marking largest weekly drop in a year
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%.
Inflation remained stubbornly high in August as Fed weighs rate cuts
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.
US job growth through March revised lower by 911K
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.
Americans hit record low confidence in finding new jobs since tracking began in 2013
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.
Homeowners’ wealth may be shrinking as price gains lag inflation
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.
Hassett says he supports Federal Reserve independence amid Trump admin's rate cut push
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 reports small business hiring down 6.7% year-over-year amid tariff surge
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.
US-born workers see job gains as foreign-born employment declines, Labor Department data shows
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.
US job growth missed expectations in August amid economic uncertainty
The Labor Department released the August jobs report which showed that job growth continued at a subdued pace amid economic uncertainty over trade policy.
Mortgage rates tumble to lowest level since October 2024
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%.
Private sector added 54,000 jobs in August, below expectations, ADP says
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.


















