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Dollar and bond markets ‘on edge’ ahead of Jackson Hole as Bessent’s market intervention piles pressure on Warsh

Central bankers, policymakers and economists will gather in Jackson Hole, Wyoming, on Thursday for the Federal Reserve Bank of Kansas City’s annual economic policy symposium. Markets are closely monitoring the event for Fed Chair Kevin Warsh’s keynote speech after long-term…
Educational News

Americans are falling behind on mortgage and student loan payments. Here’s how you can stay ahead

While U.S. consumers are getting better at keeping up with credit card and personal loan payments, mortgage and student loan delinquencies are climbing, and student loan delinquencies remain historically high, according to the Spring 2026 FICO Credit Score Insights report. Delinquencies, or…
Legal News

US retail sales post first decline in nine months in July

WASHINGTON, Aug 14 (Reuters) – U.S. retail sales fell in July for the first time in nine months as the boost from big tax refunds faded, suggesting that consumer spending was slowing down and prompting economists to slash their economic…
Editorial News

Why the bond market may be resetting expectations about the US

WASHINGTON, Aug 25 (Reuters) – U.S. debt hasn’t been further downgraded, breakeven rates on inflation-protected bonds haven’t spiked, and the cost of insuring against a federal default hasn’t skyrocketed, signs that most investors still see U.S. bonds as a largely…
Government News

$40 Trillion and Counting: The National Debt Keeps Climbing.

The national debt passed the $40 trillion mark last week. While the record number is staggering on its face, equally concerning is that the debt more than doubled in just 10 years. There are many reasons for this: emergency spending…
Legal News

Consumers Hit the Wall, Turn Sour on the Future

Consumer sentiment fell in August, especially among Republicans, while inflation expectations increased, the University of Michigan said on Friday. The preliminary estimate for August slipped nearly 8% following two months of positive results, while the expectations index decreased by 8.7%. Coupled with…
Editorial News

Dollar edges up, loonie drops after U.S. announces tariffs

The U.S. dollar edged ⁠up on Monday, coming off its third weekly decline in four that sent the greenback to three-month lows as the U.S. Treasury promised to buy back more ​long-dated bonds, while details of sanctions ​on Iran were awaited. After last week’s ​announcement by the Treasury Department that…
Educational News

Education Department recalculates student loan forgiveness counts, setting some PSLF borrowers back

The U.S. Department of Education is reevaluating account histories for borrowers pursuing Public Service Loan Forgiveness — in some cases, reducing the number of qualifying payments and pushing those individuals further away from debt cancellation. PSLF, which was created in 2007, wipes away…
Bankruptcy News

US credit card debt climbs to $1.26tn, nearing last year’s record high

Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed report Credit card debt in the United States is growing close to a record high, having crept up from $54bn to $1.26tn between April and…
Government News

US national debt passes $40tn after doubling in a decade

US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Trump and Biden administrations, along with higher interest payments that have…