Mortgage rates climb back to 6.49 percent — Fed seen holding July, hiking September
The Federal Reserve's preferred inflation gauge surged to a three-year high of 4.1 percent in May, with core PCE at 3.4 percent — the most since October 2023.
The Editors
Slate bets Americans still want a cheap, simple truck
Slate Auto says its two-seat electric pickup will start at $24,950, making it one of the lowest-priced new vehicles in the U.S.
Medicare opens first weight-loss coverage at $50 a month
A new pilot Medicare program, "set to continue through 2027, will allow older adults to access GLP-1 medications for $50 per month" — the first time the program will cover them specifically for weight loss,
Trump orders DOJ to probe gasoline 'gouging', Congress sends Trump landmark housing bill
Trump orders DOJ to probe gasoline 'gouging' as oil falls below $73, Congress sends Trump landmark housing bill, Hormuz tankers stream out as inspectors return to Iran, Goldman sees July Fed hike risk and Prime Day rolls on amid sticky inflation
National Safety Recalls - June 23
Top hazards to watch
MorningStar Farms plant-based nuggets and sausage patties — FDA posted a June 22 recall for Buffalo Chik’n Nuggets and Hot & Spicy Sausage Patties because they may contain plastic pieces. Affected best-by dates run July 5–8, 2027. (U.S. Food and Drug Administration)
Prime Day, Walmart Deals — and Novo's surprise GLP-1 price cut
Inflation eats away at budgets as Prime Day, Target Circle Deal Days and a GLP-1 price cut arrive.
Bank of America: inflation is 'unambiguously worse,' three Fed hikes coming
Bank of America now expects the Federal Reserve will deliver three rate hikes this year.