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.
Tag: U.S. Economy
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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.
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INVESTORS FLEE U.S. STOCK FUNDS
U.S. investors cashed out a net $10.44 billion from U.S. equity funds in the week ending 10 September.
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INFLATION ATE WORKERS’ WAGE GAINS IN 2024
All but the richest U.S. households saw their incomes remain virtually flat during 2024, the census bureau said in a report released last week.
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ECONOMIC UPDATE — MARKET OVERVIEW
Tomorrow is the day The Street has been waiting for. The big guess is not “if” the Federal Reserve will lower interest rates, but will they drop them 25 basis points or 50 basis points? And there are expectations that they will continue interest rate cuts till year’s end.
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SPOTLIGHT: BIGS GETTING BIGGER
Mining giant Anglo American and copper-rich competitor Teck Resources will merge in an all-stock deal to achieve the mining industry’s largest combination in more than a decade.
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U.S. BANK REGULATORS SLACKEN OVERSIGHT MEASURES
Federal bank regulators are skipping some aspects of bank examinations as the Trump administration takes a less stringent approach to financial oversight, Reuters reported after speaking with several bank executives.
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DALIO WARNS OF DANGERS IN FED RATE CUT
Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, warned that the dollar and stock market are likely to weaken if the U.S. Federal Reserve cuts its key interest rate when the central bank’s Open Market Committee meets in the middle of this month.