What happened. Why it matters. Plainly.
The Fed’s inspector general found numerous deficiencies in the headquarters renovation but no reasonable grounds to believe a federal crime occurred.
John Williams said there is no need for urgency on rates, but one more increase may be appropriate late this year. Both halves of the speech, explained.
Job openings were little changed at 7.1 million in August as hiring stayed slow, quits rare and layoffs low, the Bureau of Labor Statistics reported Tuesday.
The 10-year Treasury yield hit 5.18%, highest since July 2007, and Freddie Mac’s weekly mortgage average reached 7.03%, its first at or above 7% since January 2025.
The Fed raised rates a quarter point to 3.75%-4.00%, its first hike since 2023. See how it affects mortgages, credit cards, savings and auto loans.
Searches for “stock market crash” have surged this month, but the record doesn’t show one.
The Bureau of Labor Statistics released its August 2026 Consumer Price Index report at 8:30 a.m. ET on Friday, September 11, 2026, showing consumer prices rose 0.4%
Bitcoin pushed past $75,000 on Friday, August 21, its highest level in several months, capping what Bloomberg described as its biggest single-week gain in roughly