US financial news live updates: August SNAP benefits, Unemployment rates, Social Security payments, IRS refunds…


Headlines: Saturday 5 August 2023

– Treasury Secretary Yellen calls US credit rating downgrade “entirely unwarranted”

– Job openings fall to lowest level in more than two years in June

– Biden administration launches new student debt repayment plan

– Federal Reserve announced a 0.25% hike in interest rates

– Inflation in the US was at 3% in June, as Fed bids to cut rate to 2%

– Initial unemployment claims fell by 9,000 in week ending 15 July, to 228,000

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