NYTIMES (Ben Casselman) - Smaller Revision Points to More Accurate Jobs Numbers
The 2026 revisions by the Bureau of Labor Statistics represent a downward adjustment of just 0.1 percent of the total work force.
YOUTUBE (Fox Business) - 'IT'S NOT LOOKING THAT GOOD': Fed official delivers tough scorecard
Kansas City Federal Reserve President Jeffrey Schmid discusses the economy, Fed policy and more with FOX Business' Edward Lawrence at the Jackson Hole economic symposium. 00:00 High Stakes at Jackson Hole 2026 00:17 Jeffrey Schmid on Monetary Policy Outlook 00:58 Scoring the Fed on the 2% Inflation Mandate 01:21 Benchmarks for Future Interest Rate Moves 02:02 Internal Debates at the Federal Reserve 02:42 Using AI for Real-Time Economic Data
YOUTUBE (Fox Business) - Kudlow: It is my public service to report on this
FOX Business host Larry Kudlow argues that recent economic data disproves media narratives about the U.S. economy on ‘Kudlow.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #kudlow #larrykudlow #kudlow #economy #useconomy #economicdata #markets #jobs #inflation #growth #finance #business #wallstreet #consumer #economicgrowth
YOUTUBE (Newsmax) - TRUMP: Prescription drug prices are down tremendously
President Donald Trump speaks to reporters about progress in drug pricing at Joint Base Andrews.
JUSTTHENEWS (Kevin Killough) - Home sellers are drawing from a dwindlingly pool of buyers, new data shows
Nearly 80% of major cities in the U.S. are now buyer's markets, defined as a market where the number of sellers is more than 10% higher than the number of buyers.
JUSTTHENEWS (Amanda Head) - White House report details ‘Great Transshipment Scam’ costing tens of billions in tariff evasion
The report concludes that the scale of potential evasion is economically significant and establishes a framework for ongoing assessment of the integrity of the U.S. tariff system. More than 40 lower-tariff jurisdictions are being used as pass-throughs to avoid lawful tarriffs.
AXIOS (Jim VandeHei) - The Fed's new chapter runs through Walmart's ex-CEO
When Mike Allen and I are curious about the "real economy ," we talk to sources at big-box stores for a read on real-time sales trends, or friends at super-regional banks to gauge the mood and money movement. - To us, that's the real world and real data, imperfect but less imperfect than dated Bureau of Labor Statistics surveys built for a different time and economy. Why it matters: Fed Chair Kevin Warsh will get scrutinized like hell for rate changes, his communication style, his vow of a "new chapter" at the Fed, and his relationship with President Trump. - We think the most interesting thing to watch long-term is the seemingly boring data task force he appointed last month to improve the "quality and timeliness of real economic…
AXIOS (Neil Irwin) - How Kevin Warsh is rewiring the Fed
Federal Reserve chairman Kevin Warsh is attempting a high-wire act: He's trying to fundamentally rethink the central bank's approach to guiding the economy, while also using its standard policy toolkit to bring down stubbornly persistent inflation. - A market blowup late last month showed the perils of trying both at the same time. The big picture: Markets sold off and the economic commentariat was sharply critical of a Warsh press conference on July 29, in which he was vague about the possibility of raising interest rates to combat inflation. - Some analysts saw it as evidence of a lack of commitment to quashing inflation. To Warsh allies, it was a brief bump in the road toward a more credible Fed. - Warsh is trying to rewire the…
NYTIMES (Alan Rappeport) - Bessent Declares Widening Gap Between Rich and Poor ‘Dead’
Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists.
THEAMERICANCONSERVATIVE (Harrison Berger) - U.S. Economy Grew at 1.5 Percent Rate in Second Quarter
State of the Union: The growth rate, released by the Bureau of Economic Analysis, was less than expected. The post U.S. Economy Grew at 1.5 Percent Rate in Second Quarter appeared first on The American Conservative .
Data released by the Bureau of Economic Analysis showed that the U.S. economy grew at an annualized rate of 1.5 percent in the second quarter of 2026, down from the 2.1 percent growth rate in the first quarter of the year. Gross domestic product fell short of economists’ expectations. A Bloomberg poll of economists had predicted a 2 percent growth rate, and a Dow poll predicted a 1.8 percent growth rate. A separate report on personal income and outlays showed U.S. consumer spending rose, with personal consumption expenditures increasing at a rate of 2.1 percent during the second quarter, up 0.4 percent from the first. PCE inflation ticked down 0.1 percent from May to June, but core PCE—which does not include food and energy…Open