Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Student Loan Autopay Discount Slashed Ahead of July Reset
Eligible federal Direct Loan borrowers will receive a temporary 1-point interest rate cut through autopay from July 1, 2026, to June 30, 2028, as new loan rates increase to between 6.52% and 9.07%.
Final June Social Security Payments Set for June 24; Trust Fund Depletion Looms
Social Security's final June payment lands June 24 for those born 21st-31st. Average benefit is $1,934.52, far below the $5,181 maximum. Trust fund depletion looms by 2032.
Fiji tourism boom raises questions about local economic benefits
Fiji Airways cabin crew earn FJ$3,000–FJ$4,500 monthly, 2.6 times minimum wage, while tourism arrivals hit 85,405 in May. InterContinental Fiji backs a surf program for local children, highlighting uneven benefits.
June Social Security Payments Wrap Up; SSI Recipients Face July Timing Shift
The last June Social Security checks go out June 24. SSI recipients will see two deposits in July but skip August, as the SSA adjusts for a Saturday calendar quirk.
Independence Day Runs Across Indiana Honor Veterans Ahead of 250th Anniversary
Indiana communities will host multiple Independence Day runs, including the Crooked Lake Freedom 5 and Honor Flight Freedom Run, honoring veterans ahead of the nation's 250th anniversary.
Germany's Pension Reform Plan: Retirement Age to 68 by 2051, State Fund Proposed
Germany's pension commission recommends raising the retirement age to 68 by 2051 and establishing a state-run investment fund, challenging Chancellor Merz's coalition as aging population strains public finances.
US Mortgage Rates Slide to One-Month Low Amid Iran Deal, Treasury Yield Drop
US 30-year fixed mortgage rates dropped to 6.47%, their lowest in over a month, as a US-Iran framework deal pushed Treasury yields lower, offering modest relief to homebuyers while pending home sales rose 3.8% in May.
Hubbard County Transit and Road Repairs Highlight Rural Infrastructure Funding Challenges
Hubbard County must address local revenue shortfalls to expand Heartland Express transit and repair Middle LaSalle Forest Road, highlighting rural infrastructure funding gaps.
Bank of England Holds Rate at 3.75% as Energy Shock Eases, Inflation Concerns Linger
The Bank of England kept rates unchanged at 3.75%, with two policymakers favoring a quarter-point rise. Inflation is projected to climb above 3.25% by year-end, delaying any rate cut.
Australian Mortgage Rates Persist as Spending Debate Intensifies
Australian and US mortgage rates stay elevated as RBA warns of possible hikes. Brokers cite discretionary spending as key issue for home buyers.