Minutes from last month's Fed meeting show deepening concerns about inflation, with several officials ready to raise policy rates as needed.

Applications for unemployment benefits moved lower last week, staying near historic lows and signaling a steady labor market.

Gross U.S. debt surpassed $40 trillion, a new milestone in the country’s struggle to control its finances.

Pending home sales fell to their lowest level of the year in July, per NAR, as mortgage rates and home prices deterred buyers.

New home construction also declined in July. NAHB reports housing starts fell 12.4% and single-family starts slid to the slowest pace since 2022.

Total mortgage application volume barely moved last week. Purchase apps were down 2% for the week and 3% year over year.