Author: Zachary Halaschak, Washington Examiner

Nationwide rents fell in October, indicating the rental market is softening as the Federal Reserve holds interest rates at their highest level in years. A report from Rent.com released Monday found that rents fell by just over 1.6% from the month before. The national median rent price is now $1,978, the cheapest price recorded since…

The soaring food prices over the past few years will take a toll on families nationwide this week as they prepare their Thanksgiving spreads. Food prices have been driven up in part because of supply-side factors, such as the higher cost of the fuels needed to transport grain and livestock, as well as the broader…

The number of housing starts ticked up slightly in October, a sign of resilience in construction as the market for existing homes is battered by high mortgage rates. Housing starts, the change in the number of new residential buildings that began construction, rose 1.9% from September to a seasonally adjusted annual rate of 1.37 million,…

Seasonal hiring for the holiday season will likely be slower than last year, a potential sign that the labor market is beginning to cool off as the Federal Reserve keeps interest rates high. Retailers across the country typically load up on staff ahead of the holiday shopping season, which generally starts with Black Friday, the…

New reports indicate that inflation meaningfully declined last month, a development that investors are interpreting to mean that the Federal Reserve is likely done with raising interest rates and may start cutting them before long. The consumer price index, updated Tuesday, showed that inflation dropped half a percentage point to 3.2% for the year ending…

Wholesale inflation, as measured by the producer price index, declined to 1.3% for the year ending in October as the Federal Reserve keeps interest rates high. The new numbers were released on Wednesday by the Bureau of Economic Analysis. The decline came after three straight months of increases and is welcome news for the economy,…

A Senate hearing got heated on Tuesday when Sen. Markwayne Mullin (R-OK) stood up in an apparent move to fight Teamsters President Sean O’Brien. The move came after O’Brien, testifying before the Committee on Health, Education, Labor, and Pensions about unions, challenged Mullin to a fight in June on X, formerly Twitter. In a post,…

Inflation declined to 3.2% for the year ending in October, a welcome development as the Federal Reserve works to contain price increases. The data reported on Tuesday by the Bureau of Labor Statistics in an update to the consumer price index are good news for President Joe Biden. Biden has been trying to reassure voters…

Moody’s decision to cut its ratings outlook for the United States to negative is yet another warning of the country’s perilous fiscal footing, even if not an immediate threat to the economy. Moody’s Investor Services is the last ratings agency to give the U.S. its top rating: AAA. Both Fitch Ratings and S&P Global Ratings…

Sen. Mitt Romney (R-UT) and a group of Republicans and Democrats have proposed legislation that would create a bipartisan fiscal commission tasked with lowering the national debt. Romney introduced the legislation on Thursday alongside Sen. Joe Manchin (D-WV). The commission would be bipartisan and bicameral — meaning that its members would consist of both lawmakers…