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U.S. Inflation Slows to 2.7% in July as Tariff Concerns Loom, Fueling Fed Rate-Cut Expectations

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WASHINGTON, D.C. — Consumer prices rose 2.7% year-over-year in July, coming in slightly below economists’ expectations and signaling modest inflation pressures despite ongoing tariff concerns. The Consumer Price Index (CPI), released Tuesday by the Bureau of Labor Statistics (BLS), also showed a 0.2% monthly increase, matching forecasts.

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U.S. Housing Market Stuck in a Deep Freeze as Mortgage Rates Lock Homeowners In

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Only 3% Say They’d Sell at 6% or Higher — Here’s Why That Matters

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Ridgewood NJ, America’s housing market is stuck — and it’s not thawing anytime soon.

According to a recent Bankrate survey, only 3% of U.S. homeowners say they’d be comfortable selling their homes in 2025 if mortgage rates remain at 6% or higher — which they likely will. That reluctance has created a market freeze that’s stifling both supply and demand, pushing existing home sales to their slowest pace in nearly 30 years.

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Top Economist Mohamed El-Erian Urges Jerome Powell to Resign to Protect Federal Reserve Independence

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WASHINGTON, D.C. – In a bold and controversial move, Mohamed El-Erian, a leading economist and president of Queen’s College at Cambridge University, has called on Federal Reserve Chair Jerome Powell to voluntarily step down to safeguard the Fed’s independence amid growing political and economic pressures.

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Treasury Secretary Scott Bessent Calls for Comprehensive Review of the Federal Reserve Amid Escalating White House Tensions

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Washington DC, Treasury Secretary Scott Bessent signaled Monday that it may be time for a sweeping review of the Federal Reserve—beyond the current controversy over costly renovations—to examine whether the central bank is truly fulfilling its mission.

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Moody’s Downgrades U.S. Credit Rating, Ending Over a Century of Perfect Standing

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the staff of the Ridgewood blog

New York NY, Moody’s Investors Service has officially downgraded the U.S. credit rating from Aaa to Aa1, ending a perfect score the country held since 1917. The move, announced Friday, reflects growing concerns over the rising federal deficit, soaring interest payment ratios, and sluggish economic growth.

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U.S. Tariff Revenue Hits Record $16.3 Billion in April as Trump’s Trade Policies Take Effect

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the staff of the Ridgewood blog

Port Newark NJ,  U.S. tariff collections surged to a record high in April, with customs duties hitting $16.3 billion for the month, according to data released Monday by the Treasury Department. The spike reflects the growing impact of President Donald Trump’s new trade tariffs, including the 10% across-the-board levy on imports that went into effect on April 2.

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Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty and Trade Tensions

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the staff of the Ridgewood blog

Washington DC, the Federal Reserve announced yesterday that it will keep its benchmark interest rates unchanged, holding steady at a target range of 4.25% to 4.5% for the third consecutive meeting. The move comes amid mixed economic signals and ahead of critical U.S.-China trade talks set to begin later this week.

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Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth

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Chicago Il,  Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.

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