Today’s News Synopsis:
Despite steady inflation and employment data since September, Jerome Powell signaled growing concern over the labor market, hinting the Fed may consider a rate cut at its Oct. 28–29 meeting.
In The News:
YahooFinance – “Powell says ‘downside risks to employment appear to have risen,’ implying more Fed cuts are possible“ (10-14-25)
“Powell also signals the Fed may stop its balance sheet runoff in the coming months.”
Bankrate – “Survey: The most workers in four years say their pay isn’t keeping up with inflation” (10-14-2025)
“If it feels harder to get ahead right now, that’s because it is. Many Americans are navigating a “worst-of-both-worlds” economy: a cooling job market on one side and stubborn inflation on the other. ”
ABC News – “As new tariffs take effect, US consumers footing more than half the burden: Report“ (10-15-25)
“With new tariffs taking effect Tuesday on furniture and lumber, an analysis released by Goldman Sachs finds American consumers are paying for more than half of the cost of the levies imposed by President Donald Trump.”
Kiplinger – “Another IRS 1099-K Threshold Change to Know for Your 2025 Taxes“ (10-10-25)
“Easing rates and tight inventory bring rare relief for buyers and new challenges for lenders”
CBS News – “Single-purpose reverse mortgage: What it is, how it works and what to consider before borrowing” (10-08-2025)
“A single-purpose reverse mortgage offers targeted help to cash-strapped seniors, often at a fraction of the cost.”
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