Good morning and welcome to AS USA’s live financial blog!
This week, we will be awaiting the Consumer Price Index report that will come out on Thursday for the latest inflation update.
Gas prices are up this summer as heat waves affect oil refinery operations.
Latest figures from the Labor Department show that 187,000 jobs were added in July, while the unemployment rate went down to 3.5%.
Treasury Secretary Janet Yellen called Fitch Ratings’ downgrade of the main US credit rating “entirely unwarranted” because it ignored the country’s economic strength.
With student loan repayment set to start in October, much focus is on SAVE, President Joe Biden’s new student debt repayment plan.
We will also be providing real-time coverage of crucial topics like SNAP benefits and Social Security payments.