Today’s News Synopsis:
Fed minutes reveal a split: while most officials voted to hold rates steady, two governors pushed for cuts. Concerns remain over both inflation risks and slowing employment.
In The News:
CNBC – “Divided Fed worried about tariffs, inflation and the labor market, minutes show“ (08-20-25)
“Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed.“
The Wall Street Journal – “Fed Minutes Reveal Broad Support for Holding Rates Steady Last Month” (08-20-2025)
“‘Almost all’ officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary”
YahooFinance – “ATTOM: U.S. FORECLOSURE ACTIVITY JUMPS 13% YEAR OVER YEAR IN JULY, HIGHEST OF 2025“ (08-15-25)
“Foreclosure Starts Increase 11% from Last Year; Completed Foreclosures Increase 18%”
Think Realty – “Foreclosure Auction Volume Increases 19 Percent to Two-Year High as Demand From Buyers Drops to Multi-Year Lows“ (08-12-25)
“Auction.com’s Q2 2025 Market Dispatch shows distressed property supply hitting two-year highs, while buyer demand fell to multi-year lows—signaling a shift in the real estate market.”
NAR – “Tracking Unemployment Insurance Claims, Week of August 9, 2025” (08-19-2025)
“”Initial unemployment claims” refer to the number of new jobless claims filed by U.S. workers seeking unemployment benefits. Initial claims offer national and state-level estimates each week. As a result, this data serves as a good indicator of new layoffs and provides early signs of changes in the economic cycle.”
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