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Federal Reserve Chair Jerome Powell will speak with reporters following the usual Federal Open Market Committee meeting held at the Fed in Washington, DC on July 30, 2025. Chip somodevilla | Getty ImagesThe Federal Reserve is forecasting only one fee cut in 2026, depending on the median forecast.The so-called dot plot of the central bank shows the expectations of 19 individual members anonymously, giving a median estimate of federal funding rates for the end of 2026. This is compared to the median estimate of 3.6% at the end of this year, following two expected cuts in the decline on Wednesday.Next…
In 1989, Russian President Boris Yeltsin made a famous trip to a grocery store in Texas. The event has been present in popular history for this famous photo shoot. Yeltsin was surprised by the availability of US food, in contrast to the Soviet Union’s Breeadlines. The market was successful with customers when the government’s central plan ran Miseraby comparing. So, in recent examples, American politicians are beginning to wonder where centrally planned food staining is. New York City’s hopeful Zohran Mamdani recently proposed to a municipal grocery store. Previously, I wrote a story about Chicago’s plans to create a municipal…
How to overcome task start paralysis and continue learning Have you ever felt the need to start a task, but have you not been able to reach that first step? Maybe it’s a home chore, a course you’d like to pursue for a while, and even incredibly trivial things simply feel impossible. This experience is a combination of overwhelming freeze and spiritual freeze, defining the reality of millions of people around the world. And there’s the name of it: Starting Paralysis of the Task. The good news is there is a way to overcome it. Let’s look at ways that…
WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated interest rate cuts, informing us that two more are ongoing before the end of the year as concerns grow in the US labor market.With an 11-1 voting signal with fewer dissent than Wall Street had expected, the Federal Open Market Committee reduced the benchmark’s late rate by a quarter point. This decision will result in an overnight funding rate in the range of 4.00% to 4.25%.The newly established governor Stephen Milan was the only policymaker to vote against the quarterpoint move, advocating a half-point cut instead.Governors Michelle Bowman and…
Congratulations, you are heading to university. This should be an exciting time in your life, and to make your transition easier, we have put together a guide on how to find an off-campus home. While on-campus housing offers convenience and built-in communities, many students choose to live off-campus, including greater independence, more diverse living environments, potentially lower costs, or the ability to choose roommates. This Redfin student resource explains important steps and considerations that will help you find the right off-campus home. >>If you are an international student exploring off-campus housing, check out Redfin’s method of renting an apartment as…
Important takeouts: You can rent an apartment as a US international student, but you may need a co-signer or guarantor. Collect necessary documents such as passports, visas, and registration certificates as soon as possible. Create budgets to cover rent, utilities, food, transportation and personal expenses. Before signing, research your neighborhood, get a sense of your tenant’s rights and read your lease carefully. Starting a search for off-campus housing is a thrilling adventure for any university student, but for international students, renting in the US for the first time is particularly intimidating. Luckily, the excited glow you have played sports from…
Data tracking US heavy truck sales volumes flashing warning signs about the state of the economy. According to the U.S. Bureau of Economic Analysis, heavy truck sales, or levels where vehicle weights exceeding 14,000 pounds, have fallen to levels not seen in four years. This amount has decreased by more than 15% in August compared to a year ago and by more than 21% compared to the same month in 2023. Economists and investors believe how many of these vehicles are being sold in the US as a key indicator of the economy. This is because these trucks are considered…
Check out the companies making the biggest moves at noon: Lyft – Rideshare stock has skyrocketed by 13%. Riders can use the Lyft app to praise Roxotaxis from Waymo in Alphabet when the service starts next year. Walmart – The retail giant has added 2% following its price target lift from Bank of America. Analyst Robert Orms cited Walmart’s position as an emerging leader in artificial intelligence within the retail sector as a catalyst. American Express – The credit card giant scored 2.7% and performed best at Dow Jones Industrial Average. The move comes before the expected Federal Reserve cuts…
Closed days usually take several hours from start to finish, with the signature itself lasting about 1-2 hours for the buyer and less than an hour for the seller. The exact length depends on whether you are funding on a mortgage, paying cash, or whether you have a last-minute issue. Knowing how long you will be signing deadlines and what to expect throughout the day will help you plan your schedule and avoid surprises on closing days. Quick Snapshot: Signature Schedule (Buyer): ~1-2 Hours Signature Booking (Seller): Often, a full closure timeline (Offer → Key): ~30-60 days What will happen…
Propublica selected Dana Chiueh and Aaron Brezel as AI Engineering Fellows as part of their participation in the Lenfest Institute’s AI Collaborative and Fellowship Program. The Lenfest AI program selected Propublica among 10 regional and national news organizations for its two-year fellowship. Propublica Fellowships will be made possible through funding from both the Lenfest Institute and the Patrick J. McGovern Foundation. “We are thrilled to welcome Dana and Aaron as our first AI engineering fellows,” said Ben Werdmuller, Senior Director of Technology at Propublica. “The unique combination of technical expertise and journalism experience is perfectly positioned to help AI explore…