MACRO
Biden Signs Inflation Reduction Act Into Law, Setting 15% Minimum Corporate Tax Rate
President Joe Biden signed the Inflation Reduction Act into law, which passed with majority Democratic support in the Senate and the House. The more than $430 billion package is expected to reduce the deficit by more than $300 billion over a decade.
Home Building Fell Sharply in July as Costs Increased
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U.S. GDP Fell at 0.9% Annual Rate in Second Quarter; Recession Fears Loom Over Economy
Gross domestic product, a broad measure of the goods and services produced across the economy, fell at an inflation and seasonally adjusted annual rate of 0.9% in the second quarter, the Commerce Department said Thursday.
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Yellen Says US Economy Is Not Seeing Recession Conditions Now
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After Fed Raises Interest Rates Wednesday, Investors to Look for Clues About What's Next
After the Federal Reserve lifts its benchmark interest rate on Wednesday, attention will turn to what Chairman Jerome Powell says about a rate increase at the central bank's meeting in September.
The Fed is likely to raise its federal-funds rate by 0.75 percentage points, to a range between 2.25% and 2.5%, at...