🇺🇸 US Economy & Politics News – June 29, 2025
📅 Date: June 29, 2025
📰 Source: NextWaveNews.xyz
📉 Inflation Slows, Fed Eyes Possible Rate Cuts
The U.S. inflation rate slowed in June, with a 0.2% month-over-month increase according to the latest CPI report. This suggests that previous interest rate hikes by the Federal Reserve may be taking effect. Fed Chair Jerome Powell hinted that if inflation continues to decline, rate cuts may come by late 2025.
💼 Employment Update: Job Market Holds Steady
The unemployment rate in June remained at 3.8%. Key job growth sectors include healthcare, technology, and construction. However, retail employment dipped slightly due to automation.
🏛 Biden vs Trump Debate Heats Up 2024 Race
The second presidential debate between Joe Biden and Donald Trump attracted over 18 million viewers. Immigration, tax reform, and international trade were among the hot topics. Early polls suggest undecided voters lean slightly toward Biden.
🇨🇳 US-China Trade Talks Progress in Washington
Trade negotiations between the U.S. and China resumed with focus on semiconductor exports, agricultural trade, and green energy partnerships. Treasury Secretary Janet Yellen noted progress, particularly around tariff relief.
🏘 Real Estate Market: Prices Stabilizing
According to Zillow's June report:
- Median home price: $408,000
- Mortgage rates: 6.85%
- Year-over-year sales drop: 12%
Buyers are shifting to suburban markets in southern states like Florida, Texas, and Georgia.
📈 Stock Market Overview
| Index | Value | Change |
|---|---|---|
| S&P 500 | 5,020 | 🔺 +0.68% |
| Dow Jones | 39,350 | 🔺 +0.45% |
| Nasdaq | 16,010 | 🔺 +0.91% |
🛢 Oil Prices Dip Below $72
Oil prices declined slightly this week:
- WTI Crude: $71.84
- Brent Crude: $74.13
This could mean lower gas prices for American consumers in July.
📊 Consumer Confidence Rising
The University of Michigan’s June survey reported a 2.5% increase in consumer confidence, driven by falling gas prices and optimism over the Federal Reserve’s next steps.
🔚 Summary
Today’s updates show a cautiously optimistic U.S. economy. Inflation is slowing, job markets are stable, political debates are heating up, and international negotiations show promise. Stay with NextWaveNews.xyz for all daily developments.
🖋 Written by: NextWaveNews Editorial Team
📌 Category: US Economy, Politics, Stock Market
🔁 Last Updated: June 29, 2025
