Mortgage Rates Hit 14-Month High As Housing Market Struggles
Rising rates have followed higher Treasury yields, which have been pushed upward by inflation concerns and surging oil prices linked to the US-Iran war
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Poverty Feasts On Anti-Poverty Sentiment
Our confidence is undermined by a vast body of literature exposing the political and cultural vulnerability of market solutions.
Mark Carney Defends Closer Canada-EU Ties Amid Trump Tensions
Carney identified climate change, trade pressures and concerns over democratic norms as challenges requiring greater cooperation
SCOOP: Freedom Caucus Chair Pushes for Gas Tax Relief Before Recess
Freedom Caucus Chairman Andy Harris, R-Md., told the Daily Signal that he believes that if the lower chamber were to pass his legislation, it would deliver “immediate relief” to American taxpayers.
Fed Raises Interest Rates By 25 Basis Points
Federal officials have indicated that another rate increase could come before the end of the year, potentially taking rates as high as 4.5%.
EPA Moves To Scrap Biden Power Plant Rule, Saying Federal Law Doesn’t Allow Climate Change Regulations
The EPA estimates that the rescission of the Biden greenhouse gas regulations will save consumers $310 billion.
Fed Traders See More Than 90% Chance Of Rate Hike
Expectations have shifted sharply from a month ago, when markets saw only a 36% chance of a hike.
Iran Conflict Drives Higher Gas Prices and Borrowing Costs
The analysis estimated that the conflict had cost the average household about $1,760 through September 11.
EU Floats New Canada Partnership Beyond Traditional Trade Ties
European Commission President Ursula von der Leyen made the proposal during her State of the Union address, attended by Canadian Prime Minister Mark Carney
‘GENIUS’: Russ Vought Weighs In On $5,000 Trump Dividend
Trump pointed to tariff revenues as a way to fund the Trump Dividend; however, it is unclear whether there are enough funds from the tariffs to fully cover the roughly $1.2 trillion proposal.
Project Zero: The Plan To Reduce Property Taxes For Georgia’s Effingham County Residents
The $20 billion data center corresponds with a project the county has devised to eradicate residential property taxes completely by 2028 for qualified homestead properties.
American Household Income Reaches Highest Level On Record
According to new Census Bureau data, inflation-adjusted median household income increased 2.6% to $87,460
Mark Carney Moves Canada Closer To Europe As Trade War Escalates
Carney stressed that Canada is not seeking full EU membership but is exploring what he called a “unique alliance” with the 27-nation bloc.
Utopia Yesterday, Apocalypse Today
Six months ago, AI's leaders promised abundance. Now they want the bureaucracies that botched COVID to oversee them.
Jobs and Manufacturing Are On The Ballot
Not that manufacturing is the only sector that’s on a hiring spree—businesses across the board added 162,000 new jobsin August.