Business
US 30-year fixed mortgage rate hits 6.85%, highest since June 2025
Rising Treasury yields and inflation concerns have pushed fixed mortgage rates higher, triggering a surge in adjustable-rate mortgage demand to 8.5% of applications.
Topic
Treasury Yields
Business
US stocks fall as strong jobs report boosts Fed rate hike bets
A surprise surge in hiring and rising Treasury yields have pressured Wall Street, shifting the Federal Reserve's focus toward upcoming inflation data for its September 16 policy meeting.
Business
Fed Rate Hike Odds Hit 70% as Traders Back September Increase
CME FedWatch data indicates a 70% probability for a September interest-rate increase following a hawkish speech by Federal Reserve Chair Kevin Warsh, dividing officials over incoming economic data.
Business
US national debt could hit 135 percent of GDP under Trump policies
The Institute of International Finance warns that planned tax adjustments may significantly increase US national debt. Meanwhile, SpaceX is experiencing increased market volatility and a sharp contraction in its valuation.