Live · updated 5 minutes ago · 74 stories in 24h
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How stories reported by Nick Timiraos (WSJ) ended up labelled, and how often it had them first.
It counts as independent corroboration. Trust weight 85/100. A label describes how a story was sourced overall, not a verdict on Nick Timiraos (WSJ). How labels work
Treasury Secretary Scott Bessent told Axios's Mike Allen that he thinks Fed Chairman Kevin Warsh is "doing well," describing his own role as keeping the Fed chair informed about the wider world.
Treasury Secretary Bessent said he cannot control the bond market and can only try to get people to slow down and think, adding that his remark "I am the house" meant he has superior information.
Axios' Mike Allen asked Treasury Secretary Scott Bessent whether he regrets saying "I am the house now." Bessent replied that he does not, saying the house does not win every hand and plays percentages.
Nick Timiraos reports that Trump says he is not satisfied with media coverage relying on his attorney general's statements suggesting the DOJ is done investigating the Fed building renovations, and restates his unhappiness with former Fed chair Powell.
Blanche told Bloomberg News he is not reopening a criminal investigation into former Fed Chair Jerome Powell over building cost overruns, but said the DOJ could investigate if the Fed's internal audit finds evidence of wrongdoing.
Nick Timiraos of WSJ writes that a ho-hum labor market report does not change the Fed's story, noting senior officials signaled an October rate hike probably wasn't their base-case. He adds the report showed few signs of labor market tightening that would add to price pressures.
Nick Timiraos of WSJ reports that the unemployment rate has shown relative stability, citing monthly figures from June through September and a range since June 2024.
Nick Timiraos of WSJ reports that U.S. mortgage rates reached their highest level since November 2023, at 7.3% for the 30-year fixed loan in the MBA survey last week. He also reports that mortgage applications for purchase loans are down more than 10% over the last four weeks versus the year-earlier period.
Nick Timiraos of WSJ reported August PCE inflation data, including core PCE at +0.25% month-over-month and headline PCE at +0.31%. He also noted methodological changes adding uncertainty to year-over-year figures.