(Bloomberg) — Treasuries slipped, snapping a four-day winning streak, as investors braced for inflation readings this week which may show that ongoing price pressures could stand in the way of US interest-rate cuts. Yields rose by two to three basis points across maturities, with the 10- and 30-year tenors climbing from the lowest levels in […]
Treasuries end four-day run of gains as focus turns to inflation Read More »
Mortgage rates reached a new 2025 low today, despite core inflation running at 3.1% year over year, according to the CPI report this week. The softening labor data and improved mortgage spreads currently overshadow any concerns about inflation. If the jobs data were exceeding estimates, the situation would be different. According to Mortgage News Daily,
Mortgage rates drop to another new low for 2025 Read More »
The cost-of-living adjustment (COLA) for Social Security benefits could rise to 2.7% in 2026, up from this year’s 2.5%, according to estimates from The Senior Citizens League (TSCL). The COLA is based on the average Consumer Price Index for urban wage earners and clerical workers (CPI-W) for July, August and September, compared with the same
Social Security COLA could rise to 2.7% in 2026 Read More »
Almost two-thirds of Americans say they worry more about running out of money in retirement than about dying — and for many, that fear may become a reality. According to a survey from retirement technology firm IRALogix, about half of America’s retirees don’t take any systematic approach to withdrawing their many billions of dollars in
Most Americans retire without a savings withdrawal plan Read More »
Bloomberg News Inflation continued to rise in June, driven by rising costs of housing and suggesting the Trump administration’s emerging tariff policy is beginning to impact consumer prices. The Bureau of Economic Analysis reported that the Consumer Price Index increased 0.3% in June for an annualized climb of 2.7%. Core CPI, which factors out food
Uptick in CPI inflation complicates case for rate cuts Read More »
The Federal Reserve has come under renewed fire from the Trump administration in recent weeks as the president and key housing officials battle with Chair Jerome Powell over the direction of interest rates. On Tuesday, while speaking to members of the House Financial Services Committee, Powell was resolute that the central bank will continue its
Jerome Powell says the Fed isn’t budging on interest rates Read More »
After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July. In a speech she gave at a research conference
Fed Vice Chair Michelle Bowman supports July interest rate cut Read More »
Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way
Trump wants Powell to lower rates. Here’s how to do that Read More »
A rising tide of financial pessimism is washing over U.S. consumers, driven by concerns about inflation, global instability and a lack of economic clarity. At the same time, a solid majority of Americans remain optimistic about their financial future, according to TransUnion’s Consumer Pulse Study for the second quarter of 2025. The result is a
‘Feelings-based recession’: More Americans fearful of finances Read More »
The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate
Fed holds rates steady amid inflation concerns, resilient job market Read More »