Last week, the national average interest rate on a fixed-rate, 30-year mortgage fell to 6.58 percent, according to the Federal Home Loan Mortgage Corporation (Freddie Mac), down from 6.63 percent the week before, reaching its lowest since October 2024.
U.S. wholesale prices jumped 0.9 percent in July, their biggest monthly increase since June 2022. Producers’ margins increased, indicating that a significant number of them are passing tariff costs through to their customers, Bloomberg noted.
The dollar value of U.S. retail sales increased by 0.5 percent in July, more than inflation rose, on stronger sales of passenger vehicles and heavy promotions by Amazon and Walmart.
Consumers are no longer fearing a short-term economic catastrophe from Donald Trump’s tariff war, but they do expect higher prices and fewer jobs, according to this month’s survey of consumer sentiment by the University of Michigan.
In July, consumer prices rose 0.2 percent from June, as economists forecasted, and grew by 2.7 percent year on year.
Welcome to 19 August 2025, the heat of the Western holiday season, a time when people are on vacation, going on vacation and in a vacation state of mind.
Blackstone, the world’s richest private equity firm, is negotiating with several potential private lenders to secure about $3 billion in loans to buy Enverus Inc., a data and software service for the energy industry, people familiar told Bloomberg.
Through an executive order signed last week, Donald Trump has instructed federal regulators to review and clarify current requirements around 401(k) pension plans so that the professionally managed funds can invest in cryptocurrencies and private equity accounts.
The collapse of the U.S. office market may have slowed but it is not yet over, as bondholders in Denver’s 42-year-old Wells Fargo Center have discovered.