Cash-out refinances, in which homeowners take out a loan for more than they owe on their mortgage and pockets the difference, accounted for roughly 60% of all home loan refis in the second quarter.
Americans are likely to absorb more trade-war costs in the coming months as Trump begins to finalize tariffs.
Trump fired the former Bureau of Labor Statistics chief on Aug. 1 after the July jobs report showed hiring slowed sharply this spring, with job gains in May and June revised much lower than initially estimated.
Other financial stressors—like the cost of housing or the amount of money in their bank accounts—weigh more heavily on younger Americans, according to polling.
Economic uncertainty has seeped into the attitudes of restaurant customers.
The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House, as Trump has repeatedly demanded that the central bank reduce borrowing costs.
America gross domestic product—the nation’s output of goods and services—rebounded after falling at a 0.5% clip from January through March, the Commerce Department reported Wednesday.
Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood.
Consumers’ fears of a recession during the next 12 months dipped in July but remain elevated and above last year’s levels.
Wholesale prices in June saw their smallest year-over-year gain since September, the Labor Department reported Wednesday.
The price increases in June were broad-based, affecting imports such as cosmetics, shoes and toys, as well as services like medical care, car insurance and education.
The U.S. stock market ended the first half of 2025 with back-to-back record highs, defying a rollicking few months of trade tensions and economic uncertainty that sent it deep into negative terrain in April.
Consumer sentiment has also fallen sharply this year in the wake of the sometimes-chaotic rollout of President Donald Trump’s tariffs.
Economists expect growth to bounce back to 3% in the second quarter, according to a survey of forecasters.
Americans’ view of the U.S. economy worsened this month. The regression surprised economists, who had expected a small uptick.
The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey.
Dollar General, which operates 20,000-plus stores, has more than 700 stores in Indiana.
The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.
First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.
The Conference Board said the rebound in confidence this month was broad-based across all ages and income groups.
