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Tag: Economic News

US Jobless Claims Recede After Brief Spike, Signaling Resilient Labor Market

US Jobless Claims Recede After Brief Spike, Signaling Resilient Labor Market

US Jobless Claims Recede After Brief Spike, Signaling Resilient Labor Market Recent data indicates a significant unwinding of jobless claims, reversing a short-lived surge that had prompted concerns among economists. The latest figures suggest that the previous spike was a ‘false alarm,’ reinforcing the underlying strength of the U.S. labor market. Layoffs continue to remain at low levels, underscoring a resilient employment landscape. This positive development provides a clearer picture of economic stability, allaying fears of a potential downturn in…

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Mortgage Rates Plummet to 6.35%, Fueling Homebuyer Surge Amid Shifting Economic Landscape

Mortgage Rates Plummet to 6.35%, Fueling Homebuyer Surge Amid Shifting Economic Landscape

Mortgage Rates Plummet to 6.35%, Fueling Homebuyer Surge Amid Shifting Economic Landscape Home mortgage demand has seen a significant surge following the biggest weekly drop in interest rates in the past year. The average 30-year fixed-rate mortgage has fallen to 6.35%, down from 6.5% just a week prior, marking its lowest point since last October. This dramatic decrease has ignited borrower interest, with both home purchase and refinance applications seeing substantial increases. Refinancing now accounts for nearly half of all…

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August Wholesale Prices Unexpectedly Decline, Intensifying Fed Rate Cut Speculation

August Wholesale Prices Unexpectedly Decline, Intensifying Fed Rate Cut Speculation

August Wholesale Prices Unexpectedly Decline, Intensifying Fed Rate Cut Speculation Wholesale prices in August experienced an unexpected 0.1% decline, according to the latest producer price inflation report released today. This surprising turn in inflation data is sending ripples through financial markets, significantly boosting hopes for a more aggressive interest rate cut from the Federal Reserve. The fresh economic figures, reported on September 10, 2025, come as the central bank’s next rate decision looms. Traders are closely watching the data, with…

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US-Japan Tariff Deal: Key Details Unclear Amid Differing Accounts

US-Japan Tariff Deal: Key Details Unclear Amid Differing Accounts

US-Japan Tariff Deal: Key Details Unclear Amid Differing Accounts Significant discrepancies are emerging between Washington and Tokyo regarding the recently announced tariff agreement, casting doubt on key implementation details. A fact sheet released by the White House on Wednesday outlines a baseline 15% tariff rate on imports from Japan, but critically omits a clear start date. This lack of clarity, coupled with differences in how Tokyo has described the deal’s framework—including provisions for Japanese investment in the U.S.—highlights ongoing points…

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BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation

BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation

BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation A senior Trump administration official indicated on Friday that Federal Reserve Chair Jerome Powell is reportedly considering his resignation. This comes amidst intensified calls for an investigation into whether Powell misled Congress regarding the central bank’s lavish $2.5 billion headquarters renovation in Washington, D.C., which critics have dubbed a “Palace of Versailles.” Pressure on Powell has mounted significantly. Bill Pulte, chair of US government-backed mortgage…

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Markets Steady as Investors Absorb Trump’s Latest Tariff Escalation

Markets Steady as Investors Absorb Trump’s Latest Tariff Escalation

Markets Steady as Investors Absorb Trump’s Latest Tariff Escalation Stock futures showed little movement early Wednesday as investors closely monitored the latest developments in President Donald Trump’s tariff policy. This comes after a Tuesday session where traders were on high alert following new updates to the administration’s trade stance. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were all marginally lower, reflecting a cautious wait-and-see approach. On Tuesday, the S&P 500 slipped slightly, while the…

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U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion

U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion

U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion The Trump administration today announced a critical delay in new tariffs, pushing their implementation to August 1. The decision, confirmed by President Trump and the U.S. Commerce Secretary, has triggered significant confusion among trade partners and analysts. The administration plans to begin sending formal letters detailing the revised tariff rates to affected nations, a move coming just ahead of the original 90-day deadline set for trade negotiations. This unexpected shift raises…

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