2023-07-03 18:45:47
Headlines | Monday, 3 July 2023
– US manufacturing PMI dips to lowest level since May 2020
– Supreme Court ruled 6-3 against Biden’s Student Loan Forgiveness Program
– 16 million student loan borrowers had debt relief approved, what will happen now?
– When do student loan repayments restart?
– PCE data shows both headline and core inflation declined in May year-on-year to 3.8% and 4.6%, respectively
– The weekly average mortgage rate ticked up this week to 6.71% for 30-yr FRM
– Initial unemployment claims dropped last week to 239,000, a decrease of 26,000 from a week prior
– Fed Chair Powell doesn’t discount two consecutive rate hikes in future
– US consumer confidence jumps to highest level since January 2022
– Dates for Social Security payments in July
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