Analysis-Trump's interest rate demands put 'fiscal dominance' in market spotlight
By Davide Barbuscia
NEW YORK (Reuters) -As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates,
The Daily
'Upside down economically': Here's why the housing market probably won't get more affordable if the Fed cuts rates
Don’t expect the Fed to rescue the housing market.
Markets have their eye on the Fed’s likely interest rate cut in September, but Peter Boockvar, the CIO of One Point BFG Wealth Partners, has a two-part thesis as to why housing will stay expensive, even if the Fed trims its benchmark rate.
Future Rate Cuts In Question As Inflation Hits 3.8% In July
20 August 2025: Food Prices Up 4.9% To Highest Level Since February
Prices rose 3.8% in the year to July, up from 3.6% the previous month, stoking fears that interest rates will remain higher for longer as the Bank of England continues to battle stubborn inflation, writes Kevin Pratt.
» Read more about: Future Rate Cuts In Question As Inflation Hits 3.8% In July »
Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes
LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.
The Office for National Statistics said consumer price inflation was 3.8% in the year to July,
AARP Exclusive: Why More Americans Are Suddenly Claiming Social Security Early
“This is a lifetime decision, so you’re seeing a smaller benefit” year after year, Eskovitz says. “If you don’t have any other retirement income, that can be really devastating.”
Video: Should You Claim Early Social Security During an Economic Downturn?
» Read more about: AARP Exclusive: Why More Americans Are Suddenly Claiming Social Security Early »
Dow edges higher as Home Depot puts focus on retail earnings
By Johann M Cherian and Sanchayaita Roy
(Reuters) – The blue-chip Dow was just shy of a record high on Tuesday as Home Depot shares gained after the retailer kept its annual forecasts intact,
» Read more about: Dow edges higher as Home Depot puts focus on retail earnings »
Stock market today: Dow, S&P 500, Nasdaq futures trade flat after bruising day for tech
Private equity and crypto could be heading for your 401(k). Here's what to know
The funds in most retirement accounts are pretty basic: stocks and bonds.
Now, an executive order signed by President Trump aims to lay the groundwork for an array of “alternative assets,” including cryptocurrency, real estate and private equity, to be included in 401(k) and similar accounts.
These accounts are retirement plans offered by employers that workers can contribute to.
» Read more about: Private equity and crypto could be heading for your 401(k). Here's what to know »
Expert Says 'You Can Have It All, Just Not At Once,' To People In Their 20s Planning For Retirement
Key Takeaways
- People in their 20s are at the bottom of the income ladder, but it can also be best time to start investing for retirement thanks to the power of compounding.
- Take part in your company’s 401(k) plan, and contribute at least enough to receive your company’s matching contribution.
Trump expands 50% steel and aluminum tariffs to include 407 additional product types
The Trump administration has quietly expanded its 50% steel and aluminum tariffs to include more than 400 additional product categories, vastly increasing the reach and impact of this arm of its trade agenda.
The new tariffs, which took effect Monday, expand the scope of the levies that President Donald Trump previously announced on the valuable commodities.