Economy
Powell press conference casts doubt on December rate cut
Despite this week’s policy easing, the Fed chair sees the labor market stabilizing
Despite this week’s policy easing, the Fed chair sees the labor market stabilizing
Miran and Schmid dissent in a sign of widening divisions among FOMC members
Net income and revenues declined on an annual basis, though they stabilized from the second quarter
Purchase and refinance applications rise on easing mortgage rates
Contract signings fell from a year ago as regional declines in the Midwest and West offset gains in the Northeast and South
Pessimism about future employment and business conditions rises among younger and lower-income consumers
The MBA reports an overall decline in non-current balances, with mixed trends across property types and capital sources
Home prices across California, Oregon and Washington swung 3.8% lower from last year
Treasury Secretary Scott Bessent confirms shortlist of candidates to replace Jerome Powell
FHFA Director Bill Pulte continues push to overhaul leadership at the government-sponsored enterprise
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