latest news in economy
Strengthening El Niño Expected to Drastically Reduce Atlantic Hurricane Threat
Miami, Friday, 10 July 2026.
Record-high Caribbean wind shear driven by an intensifying El Niño is projected to trigger the quietest Atlantic hurricane season in over a decade, significantly lowering risks for coastal businesses.
Federal Reserve Enlists Outside Experts to Help Reshape U.S. Monetary Policy
Washington, D.C., Thursday, 9 July 2026.
The Federal Reserve has recruited prominent external tech and economic leaders to new task forces, giving outside experts unprecedented influence over the future of U.S. monetary policy.
Federal Reserve Pushes to Reform Rules as Mortgages Shift Away from Traditional Banks
Washington, Thursday, 9 July 2026.
In her July 2026 testimony, Federal Reserve Governor Michelle Bowman addressed a sharp decline in bank-originated mortgages—from 60% to 35%—urging regulatory reforms to encourage traditional lending.