latest news in economy
Federal Reserve Chief Refuses to Rule Out Interest Rate Hikes as Inflation Risks Persist
Washington, Thursday, 30 July 2026.
Federal Reserve Chair Kevin Warsh warned Congress that borrowing costs may rise further to fight persistent inflation, despite political pressure and an evenly split rate-setting committee.
Federal Reserve Recalibrates Banking Oversight as Non-Bank Lenders Gain Ground
Washington, Thursday, 30 July 2026.
Federal Reserve Vice Chair Michelle Bowman outlined regulatory shifts to Congress, highlighting how non-bank lenders now originate 65% of mortgages alongside emerging artificial intelligence cybersecurity risks.
Indiana Leads Midwest Housing Bounce with Surge in Home Construction Permits
Washington, Wednesday, 29 July 2026.
Indiana issued 1,995 single-family building permits in June 2026, climbing 10% year-over-year and outperforming neighboring Midwest states despite broader economic headwinds and high mortgage rates.
Canadian Travel to the United States Plummets as Tourists Choose Other Destinations
Washington, Wednesday, 29 July 2026.
A historic drop in Canadian visitors—the deepest decline since 1972 excluding the pandemic—cost the U.S. tourism sector $2.3 billion as travelers redirected their spending elsewhere.
Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales
Dallas, Wednesday, 29 July 2026.
Despite high interest rates, SRS Capital Markets surpassed its record-breaking 2025 pace, securing 1.6 billion dollars in mid-year transactions and signaling robust commercial real estate demand.