News
Inspector general finds no misconduct in Federal Reserve renovations
The inspector general’s investigation into the Federal Reserve’s costly renovation project determined that there was no administrative misconduct after the cost overruns prompted an investigation of former Federal Reserve Chair Jerome Powell amid criticism…
US natural gas production forecast to hit record high this winter
Cold weather is approaching and the U.S. is projected to have record-setting production of natural gas and healthy storage levels to help protect the market against possible shifts in winter weather that could otherwise strain supply and squeeze consumers…
Treasury moves to automatically enroll millions of children in Trump Accounts
The Treasury Department and IRS are moving to automatically establish Trump Accounts for millions of eligible children, a major expansion of the investment program created under President Donald Trump’s tax and spending law. Temporary regulations issued by…
August PCE: Fed’s favored inflation gauge rose less than expected
This story about the August 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge cooled more than expected but remained elevated well above target in August as consumers continued to face price…
US economy grew 2.2% in Q2, Commerce Department report shows
This is a story about the final reading of second-quarter gross domestic product. Please check back for updates. The U.S. economy grew at a stronger pace than expected in the second quarter, according to the Commerce Department’s estimate. The Bureau of…
ADP report September 2026: Private sector adds 90,000 jobs
This is a breaking news story about the ADP National Employment report for the month of September. Please check back for updates. Companies in the private sector added 90,000 jobs in September, payroll processing firm ADP said in its latest report on…
Price cuts hit a record high in September as mortgage rates climb
Homebuyers are still facing affordability headwinds due to elevated mortgage rates despite sellers increasingly cutting prices, a new report from Realtor.com shows. Realtor.com’s latest monthly housing report showed that the share of listings with price cuts…
More than 2,300 pounds of breakfast sausage recalled over plastic risk
A recall was issued for more than 2,300 pounds of raw, frozen pork breakfast sausage over a potential plastic contamination, according to federal officials. Illinois-based Fontanini Foods LLC recalled about 2,320 pounds of raw, frozen pork breakfast sausage…
Generational transitions pose challenges to family-owned businesses, experts say
Family-owned businesses play a major role in the economy and founders face difficult decisions when it comes time to consider passing it down to the next generation, experts said in a new podcast. The latest episode of Goldman Sachs Exchanges discussed how…
Ford issues recall for 2026 Ranger trucks over backup camera defect
Ford is recalling more than 11,000 pickup trucks over a rearview camera defect that could hinder a driver’s visibility while in reverse. About 11,405 2026 Ford Rangers equipped with a 10.1-inch center stack screen are affected by the recall, according to the…
Bank of America report says ‘funflation’ is hitting hobby spending
A new report from the Bank of America Institute finds that American consumers are spending more on their hobbies but are facing higher prices for their enjoyment. The report notes that Bank of America card data suggests consumers are facing “funflation” in…
Deficit reduction could lower inflation and interest rates, CRFB finds
Curbing the federal government’s roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds. The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on…