US ECONOMY

Last year's median income was $80,610, up an inflation-adjusted 4% over 2022 and marked the first statistically significant increase since 2019.

The latest Survey of Consumer Expectations showed little difference from a month earlier, with the biggest anticipated price hike involving medical care.

The latest S&P Corelogic Case-Shiller Index showed a 5.4% annual increase, marking a "decelerating trend" from May, when the gain was 5.9%.

Older consumers feel better about the economy than younger ones

Stock markets jumped on Friday as US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates, a message investors had been longing to hear.

Prices continue to rise as the median existing-home price was $422,600 in July.

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

The rule is expected to save Americans over $10 billion in late fees each year, lowering the typical fee from $32 to $8.

Fed Governor Christopher Waller has given a different take the DeFi marketplace amid ongoing fears that it could erode the U.S. dollar's dominance.

The US's leading fusion laboratory is ahead of schedule. How soon until utility-scale nuclear fusion becomes a reality?

Warren Buffett's conglomerate increased its ownership of Occidental this week, signaling approval of the Houston-based oil company's purchase of CrownRock.

Record domestic oil output is driving down gas prices.

John Williams said interest rates should keep a restrictive stance for "quite some time.''

The housing market is suffering from mortgage rates near the highest level in two decades.

Despite the indication of a slowdown, the numbers are more volatile because of the Thanksgiving holiday.

The PCE index had the smallest gain since March of 2021 after a drop in energy prices.

Demand for mortgage loans is increases as rates fall.

The upward revision was caused by stronger business investment and government spending.

Google has successfully launched a joint venture with a startup to power data processing centers using energy from the Earth.

Online shopping attracted more consumers than physical stores, the National Retail Federation said.

Thermal and photovoltaic solar installations outpaced all other energy sources for the 12th consecutive year by a considerable margin.

Consumer expectations for future conditions still remain at a level that indicates a recession next year.

High mortgage rates and the increase in the inventory of homes for sale are putting downward pressure on prices.

The residential real estate market is responding to high interest rates.

The initiatives comes after supply chain disruptions led to an acceleration of inflation after the pandemic.

The University of Michigan says consumers see the possibility of inflation accelerating again.

The data show resilience in the labor market while manufacturing struggles.

Rates are responding to the drop in Treasury yields as inflation and the economy slow.

The minutes say rates could rise more if progress on fighting inflation isn't sufficient.