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Disclosure: We are reader-supported. If you buy through links on our site, we may earn a commission. Learn more. The federal government shutdown has entered its fourth week with no end in sight — and economists now warn it’s inflicting real damage on America’s economy. Treasury Secretary Scott Bessent put it bluntly: the shutdown is …
The government’s latest data confirm what families have been feeling for months: inflation is still burning through paychecks and now, alarmingly, even eating away at the wealth of homeowners. For millions of Americans who thought their house was their ultimate safety net, that financial cushion may be thinner than it looks.
...The façade of a “strong jobs market” under the Biden years is crumbling fast. On Fox Business, John Lonski, President of the Lonski Group, broke down the latest data revisions and inflation concerns — and the picture isn’t pretty.
...Gold is ending August on a tear. Spot prices climbed back into the mid-$3,400s and are on pace for their best month since April, powered by firmer inflation, rising odds of a September Fed rate cut, and a softer dollar. In April, bullion briefly notched a record near $3,500, and the market is edging in that direction again.
...Gold is back in the spotlight. Prices spiked to a two-week high above $3,390 per ounce in Asian trading before pulling back slightly, as political shockwaves rattled global markets. The trigger? President Trump’s decision to fire Federal Reserve Governor Lisa Cook over allegations of mortgage fraud.
...As President Trump’s second term enters its ninth month, the latest economic data has sent shockwaves through Washington and Wall Street. July’s jobs report wasn’t just weak—it was a flashing red light. And gold responded exactly as seasoned investors expected: it soared.
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