Fed Holds Rates Steady as Three Officials Favor an Increase
The Federal Reserve held rates at 3.50% to 3.75%, but three officials wanted an increase as inflation stayed above the central bank’s 2% goal.
Federal Reserve
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Mortgage Rates Reach 6.66%, Adding Pressure to U.S. Home Affordability
The average U.S. 30-year mortgage rate rose to 6.66% on July 30, raising monthly borrowing costs and limiting purchasing power for some buyers.
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The Fed’s July 28-29 Meeting: What a Rate Decision Could Mean for Borrowers and Savers
The Fed’s July 28-29 meeting is weighing inflation, growth and credit conditions. The July 29 decision could affect borrowing costs, savings yields and markets.
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Fed warns inflation is rising again ahead of July rate meeting
The Federal Reserve says inflation accelerated as energy, food and tariff pressures weigh on households before its July 28-29 policy meeting.
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Fed prohibition order on consent bars Heritage’s ex–chief lending officer—what it means
Federal Reserve issued a July 16, 2026 order on consent against James Burns, Heritage State Bank’s former chief lending officer, tied to appraisal-related misconduct.
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June CPI cools as gasoline drops—what changed for household budgets
United States Prices and Inflation Watch – June’s headline CPI fell 0.4% as energy and gasoline dropped sharply, while core prices stayed flat m/m.
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Supreme Court blocks Trump from firing Fed Lisa Cook—for now
On June 29, 2026, SCOTUS denied a stay keeping Fed Gov. Lisa Cook in office while her removal challenge continues—requiring notice and a chance to respond.
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Supreme Court expands at-will removal of independent regulators—except the Fed
Two June 29, 2026 Supreme Court rulings expand at-will removal of many independent regulators, but leave the Federal Reserve with a narrower carve-out.
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May PCE inflation gauge rises: core PCE for grocery, rent, borrowing costs
United States Prices and Inflation Watch – BEA reports May PCE prices up 0.4% MoM and 4.1% YoY; core PCE up 0.3% MoM and 3.4% YoY—grocery, rent and borrowing takeaways.
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Supreme Court keeps Fed Gov. Lisa Cook in her job for now in Trump v. Cook
On June 29, the Supreme Court denied a stay request in Trump v. Cook, keeping a preliminary injunction in place while the case continues.
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Warsh’s first House hearing spotlights Fed independence and inflation
House Financial Services set Kevin Warsh’s July 14 monetary-policy hearing, putting rates, inflation, and Fed independence in focus.
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U.S. consumers kept spending in May, but inflation stayed sticky above 4%
United States Small Business and Main Street Economy – May spending rose 0.7% and the PCE price index was 4.1% higher than a year ago, keeping pressure on Main Street budgets and Fed watchers.
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Supreme Court keeps Lisa Cook at the Fed, but broadens removal power
United States Fresh Federal Documents and Draft Reports – The Court kept Lisa Cook at the Fed for now while sharply weakening job protections at many other federal agencies.
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U.S. hiring slowed in June as payroll growth rose by 57,000
United States Evening Breaking National Update – June payrolls rose 57,000, unemployment held at 4.2%, and lower revisions point to a cooler labor market.
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May PCE inflation hit 4.1%, keeping pressure on the Fed
United States Prices and Inflation Watch — BEA said May PCE prices rose 4.1% year over year and core PCE rose 3.4%, leaving price pressure and Fed policy in focus. ([bea.gov](https://www.bea.gov/news/2026/personal-income-and-outlays-may-2026))
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Supreme Court backs Trump’s FTC firing, keeps Fed’s Cook in office for now
United States Fast Follow on Courts and Constitutional Law – The Court expanded presidential removal power at the FTC, but left the Federal Reserve carveout intact for Cook.
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May PCE prices up 0.4%: what it means for U.S. household budgets
May’s PCE prices rose 0.4% and 4.1% year over year; the Fed reports household debt at $21.1T—two signals for tight monthly budgets.
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U.S. inflation hits 4.2% in May as gas costs keep budgets under pressure
May inflation rose 4.2% from a year earlier as gasoline stayed expensive, consumers kept spending, and households had little savings cushion.
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U.S. jobs market stayed solid in May, keeping borrowing costs in focus
Employers added 172,000 jobs in May and unemployment held at 4.3%, signaling a steady labor market and little immediate relief on borrowing costs.
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U.S. job openings rose in April, but hiring slowed as employers stayed cautious
April job openings rose even as hiring slowed, while the Fed said employment was mostly flat and consumer spending and prices stayed under pressure.
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U.S. jobless claims dipped again as layoffs stayed historically low
United States Evening Economy Update – Weekly claims fell to 209,000, reinforcing a cooler but still steady labor market as the holiday weekend begins.
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Federal Reserve opens comment period on proposed payment account for fintechs
The Fed is seeking comment on a limited payment account for eligible firms, a proposal that could reshape payments, competition, and oversight nationwide.
