On Friday, gold prices went up 1.1 percent. That’s a pretty big jump and should be “news.” But not according to what the mainstream business media reports. Indeed, CNBC said: Gold drifts higher with spotlight on Fed policy path
Tag: U.S. Economy
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U.S. CONSUMER SENTIMENT SINKS TO FOUR-MONTH LOW
U.S. consumers’ view of the country’s economy slipped lower for a second consecutive month and bottomed at its lowest level in four months, according to the initial September survey of consumer sentiment by the University of Michigan.
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BLS BEGINS INTERNAL REVIEW UNDER WHITE HOUSE PRESSURE
The U.S. Labor Department has begun an internal investigation into the way its Bureau of Labor Statistics (BLS) collects data on inflation and job creation after Trump administration officials have raised questions about the authenticity of the BLS’s reports.
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BUSINESS HEALTH INSURANCE COSTS SKYROCKET
In 2026, businesses will see their costs for employee health insurance plans jump by an average of more than 9 percent, the biggest leap since 2010. A survey by business insurance firm Aon put the rise at 9.5 percent; a poll by WTW, also a business insurance provider, set the increase at about 9.2 percent.
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HOMEBUYERS GRAB LOWEST INTEREST RATE IN 11 MONTHS
During the week ending 5 September, homebuyers jumped into the market to take advantage of the lowest mortgage interest rates since October 2024.