Some families may be expecting a new tax break for stay-at-home parents, but despite a 2026 White House draft proposal, no legislation has been approved.1…
The inspector general’s investigation into the Federal Reserve’s costly renovation project determined that there was no administrative misconduct after the cost overruns prompted an investigation of former Federal Reserve Chair Jerome Powell amid criticism from…
This story about the August 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge cooled more than expected but remained elevated well above target in August as consumers continued to face price pressures.The Commerce Department on Wednesday reported that the personal consumption expenditures…
This is a story about the final reading of second-quarter gross domestic product. Please check back for updates. The U.S. economy grew at a stronger pace than expected in the second quarter, according to the Commerce Department’s estimate.The Bureau of Economic Analysis (BEA) on Wednesday released its final reading of second-quarter GDP,…
Homebuyers are still facing affordability headwinds due to elevated mortgage rates despite sellers increasingly cutting prices, a new report from Realtor.com shows. Realtor.com’s latest monthly housing report showed that the share of listings with price cuts reached the highest level for the month of September on record, with 20.8% of…
A recall was issued for more than 2,300 pounds of raw, frozen pork breakfast sausage over a potential plastic contamination, according to federal officials. Illinois-based Fontanini Foods LLC recalled about 2,320 pounds of raw, frozen pork breakfast sausage links that may be contaminated with foreign material, specifically clear, hard plastic, the…
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The Federal Reserve’s decision to raise interest rates last week may mark the first of several hikes aimed at taming stubborn inflation, with one central bank leader weighing in on where inflation may go from…
