Many people who are willing to move a little further from the city, or buy a smaller home, are figuring out that it is still possible to buy
A tour of a neighborhood near Seattle shows how a younger generation is making it work in one of the
Economics
AI juggernaut Anthropic’s IPO is coming later than expected, Trump pushed out major media outlets from the White House and Warren Buffett announced his retirement. Read more in today’s What’s News newsletter:
Plus, Howard Buffett steps into his father’s shoes and Trump bans certain news media from the White House. Source link
A new Federal Reserve inquiry into the 2023 collapse of Silicon Valley Bank found that bank-supervision staff in the Biden era could have anticipated and prevented the bank’s failure
The report, commissioned by Trump ally Michelle Bowman, blamed bank-supervision staff in the Biden era. Source link
U.S. Leading Indicators Ticked Down in August
The Conference Board’s Leading Economic Index fell by 0.1% to 99.5 as consumer expectations remained a significant strain. Source link
U.K. Retail Sales Climbed Despite Inflation Pickup
Retail sales rebounded in August, helped by online sales, as consumers shrugged off recently rising inflation. Source link
Japan’s Central Bank Picks Up Pace of Tightening With Rate Hike
The Bank of Japan delivered the fastest rate increase of its current cycle to counter persistent inflation and ease the
RBA Governor Bullock Says Inflation Fears Materializing
Bullock said inflation is likely to remain elevated for some time due to capacity pressures and the Middle East conflict.
U.S. Treasury Yields Fall as Fed Regains Trust, BOE Leaves Rates Unchanged
Treasury yields declined from recent multiyear highs, reflecting increased trust in the Fed’s resolve to tame inflation. Source link
Canada Producer Prices Continue to Increase on Energy Costs
Statistics Canada’s industrial product price index increased 1.3% in July from the month before. Compared with a year earlier, prices
The Bank of England kept its key interest rate unchanged, holding steady at a time when the Federal Reserve and European Central Bank have raised rates
The U.K. central bank is monitoring for signs that higher energy costs are spilling over into everyday prices. Source link