Wages have risen, but inflation in food and housing means families are struggling https://t.co/Bp8w48F3fs ...

House prices in the UK have gone nowhere in the past three years, while average wages have risen significantly. Believe it or not, that means affordability - in terms of house prices to income - is at its best since at least 2015. https://t.co/tgGu2THoBh ...

GDP Growth & Economic Strength - US economy grew stronger than expected in Q2, driven by trade balance and consumer strength [1] - Strong GDP growth and income growth were observed [2] - The GDP release showed overall economic strength [4] - Real income grew by 3% [7] Tariffs & Trade - $127 billion in tariffs were collected [3] - Imported goods prices have dropped, suggesting foreign producers are bearing tariff costs [6] - Revenue from tariffs is important for deficit reduction [19] - Approximately 40% of imports have a 10-15% tariff [21] - The EU and Japan have agreed to spend $1 trillion in America with capital formation [21] Government Spending & Employment - Government spending saw a 5% drop [3] - There are 70,000 fewer federal employees [3] Housing & Construction - Construction spending was a point of weakness in the numbers [10] - Construction projects were held up due to anticipation of the "big beautiful bill" [11] Monetary Policy - Core PCE is at 21% [8][14] - The White House respects the Federal Reserve's independence and analysis [14]

Market Trends & Dynamics - Analyst suggests that reversing the exodus from blue states to red states hinges on easing building regulations in dynamic blue state cities [1] - High wages and favorable weather conditions characterize the most dynamic cities in blue states [1]

Job Market & Employee Satisfaction - Over two-thirds (66.67%+) of American workers are satisfied with their jobs [1] - The current job satisfaction level is the highest since The Conference Board's survey began [1] - Low unemployment is a contributing factor to high job satisfaction [1] - Increasing wages on par with inflation contribute to job satisfaction [1] - More flexible work arrangements are a factor in increased job satisfaction [1]

>> Mark. Mark. Thank you.>> Chairman Powell. Mark Hamrick with bank rate. What is the view about the growing amount of slack in the job market, including the softening in payrolls, the forecast of a modest rise in the unemployment rate and the ability of workers to demand wage hikes or not.In this environment where you have inflation surging. >> I don't you don't see you don't really see unemployment going up. You don't see increased slack, really.I mean, at the margin, remember you're at 4.2% unemployment. ...

Economic Impact of Immigration - Immigration expands the economy, leading to job creation rather than job displacement [1] - Increased labor supply from immigrants may exert downward pressure on wages, particularly for lower-skilled workers [1] Sociopolitical Factors - Societal frustrations stemming from market failures in housing, healthcare, childcare, and the labor market can lead to scapegoating of immigrants [1] - Political gridlock and lack of immigration reform exacerbate negative perceptions and hinder effective solutions [1]