Mexican Economy Bounces Back in Second Quarter
The country’s GDP rose 1.5% from the previous quarter in seasonally adjusted terms, marking the biggest expansion since the fourth […]
Finance
Mortgage rates jumped to their highest level in a year, dealing another blow to a long-stalled housing market that shows little sign of recovering
Four straight weeks of rising mortgage rates pushed the 30-year borrowing rate this week to 6.66%. Source link
Many business leaders are getting used to the idea of higher tariffs and expect them to stick around even after President Trump leaves office in January 2029
Many executives expect duties to outlast the Trump administration, warning the next president might find it hard to backtrack. Source
Fed’s Preferred Inflation Index Cooled but Remained Elevated in June
The price index of personal-consumption expenditures cooled in June but remains well above the Fed’s 2% target. Source link
U.S. economic growth slowed to 1.5% in second quarter
U.S. gross domestic product rose at a 1.5% annual rate in the second quarter, falling short of economists’ expectations. Source
U.S. Jobless Claims Rebound After Streak of Declines
The number of people who filed for unemployment benefits was 197,000 in the week through July 25, 9,000 higher than
The Bank of England left its key interest rate unchanged while signaling its readiness to raise borrowing costs should high energy prices threaten to a broad pickup in inflation
The U.K. central bank may yet raise interest rates if the Strait of Hormuz remains closed. Source link
Japan Aims to Cut Food Sales Tax to 1% From April 2027
Japanese Prime Minister Sanae Takaichi announced plans to cut the sales tax on food to 1% from 8% for two
U.S. Treasury Yields Soar as Market Struggles to Interpret Fed
The 30-year U.S. Treasury yield rose to a 19-year high after the Fed kept interest rates on hold, but left
Capital Account: Fed Chairman Kevin Warsh says listen to the markets, not him. But there’s a problem with that: The Fed isn’t the umpire, it’s the most important player in the game, @greg_ip writes
The Fed chairman’s analogy of calling balls and strikes doesn’t work. The central bank isn’t the umpire, it is the