The University of Michigan’s preliminary August index fell to 51.0 from 55.2, with expectations weakening more than current conditions as one-year inflation expectations rose to 4.3%.

Falling energy and food prices offset higher service costs in July, giving the Federal Reserve another softer inflation reading ahead of its September policy meeting.

Initial unemployment claims rose by 9,000 in the week ended Aug. 8, but the four-week average held at 199,000 and continuing claims declined.

Sales fell for a second straight month even as NAR’s affordability index improved from a year earlier, with mortgage rates still high enough to restrain many buyers.

Core CPI rose 0.2% while energy prices fell 1.5%, giving the Fed a cooler inflation reading after a divided July policy vote.

Individual Savings Accounts (ISAs) have become a cornerstone of financial planning in the UK, offering tax-free interest and a secure way to save or invest money. While ISAs are a UK-specific financial product, their principles of tax-efficient saving and investing can be universally applied. This makes them relevant even for a U.S. audience, who may […]

More than a few people have been caught up in the rise in treasury yields portending inflation. Fortunately, the Federal Reserve aren’t so easily fooled, and prefer facts over misunderstanding. It’s hard to overestimate how deep the confusion runs when it comes to understanding how bond markets work, but fortunately for us, it doesn’t quite […]

When it comes to providing care for the sick, we have had the luxury of mostly ignoring the economic issues involved. We won’t have this luxury for much longer. When people think of mental disease, they usually think of those suffering from conditions we call psychotic disorders such as schizophrenia or bipolar disorder, although this […]

The cult of Make America Great Again has now been defeated. How will the Biden administration’s efforts to reverse course affect the U.S. labor market? The people have spoken as they say, although in this particular case, serious doubts remain about the legitimacy of last November’s presidential election, one that a great many Americans are […]

New president Joe Biden didn’t waste any time attacking the fossil fuel industry. We at least deserve a proper accounting of how these attacks are supposed to help us. As soon as Joe Biden first sat down at his new office in the White House, he already had several executive orders sitting on the desk, […]