Freddie Mac says average rate on a 30-year mortgage fell to 6.26% this week, its lowest level in nearly a year. – WBAL News Radio
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Trump Watch
Federal Reserve Cuts Rates for First Time in 2025– legalinsurrection.com
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Excerpt:
Welp, it only took numerous poor inflation reports for the Federal Reserve to cut interest rates!
From Fox Business:
Following the central bank’s decision to cut rates for the first time since December 2024, the federal funds rate will sit at a new range of 4% to 4.25%. The cut comes after the Fed left rates unchanged at its first five meetings this year amid economic uncertainty.
Policymakers have been monitoring economic data which has shown a slowdown in hiring as businesses grapple with shifts in trade and immigration policy, while inflation has remained elevated and trended higher in recent months as tariff-related price hikes filter through into inflation data.
That dynamic has presented a challenge for policymakers in achieving both of the goals of the Fed’s dual mandate to promote maximum employment and stable prices in line with the Fed’s 2% inflation target.
Gaza braces for Israel’s largest assault of the war — RT World News– www.rt.com
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Excerpt:
As Israeli troops push into the enclave’s heart, 600,000 civilians face an impossible choice: Flee into uncertainty or stay and risk annihilation
In the predawn hours of Tuesday, Israel pushed deeper into Gaza City, unleashing the most intense ground campaign since the war began nearly two years ago. For the 600,000 civilians still trapped in the enclave’s ruins, the offensive has turned daily survival into a grim gamble between death, displacement, and defiance.
What happened
Israel has launched a full-scale ground operation into Gaza City, marking a new and dangerous phase of a war that has already left more than 64,000 Palestinians dead since October 2023.
Two divisions of the Israel Defense Forces (IDF), the 162nd and the 98th, advanced deeper into the besieged enclave, with a third division expected to join in the coming days.
The offensive, officials say, is aimed at dismantling Hamas’ command and control, degrading its infrastructure in the heart of Gaza City – which houses up to 3,000 militants – and securing the release of hostages still held by the group.
The IDF says the operation emphasizes “security over speed” – a gradual entry accompanied by heavy fire support to protect advancing troops.
Sanders the first senator to say Israel committing genocide in Gaza– www.washingtonexaminer.com
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Excerpt:
Sen. Bernie Sanders (I-VT) became the first senator to declare Israel’s conduct in its war in Gaza a genocide on Wednesday.
He began his essay saying Israel had a right to defend itself after the Oct. 7, 2023, attacks, but took the conflict to “an all-out war against the entire Palestinian people.”
“Many legal experts have now concluded that Israel is committing genocide in Gaza. The International Association of Genocide Scholars concluded that ‘Israel’s policies and actions in Gaza meet the legal definition of genocide,’” Sanders wrote.
“The Israeli human rights groups B’Tselem and Physicians for Human Rights-Israel have reached the same conclusion, as have international groups like Amnesty International and Human Rights Watch,” he added.
According to Gaza’s health ministry, more than 65,000 Palestinians have died so far in the Israel-Hamas war.
“Just yesterday, an independent commission of experts appointed by the United Nations echoed this finding. These experts concluded that: ‘It is clear that there is an intent to destroy the Palestinians in Gaza through acts that meet the criteria set forth in the Genocide Convention,’” Sanders continued.
Israel says it has begun ground offensive in Gaza City, moving in thousands of troops– www.latimes.com
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BEIRUT — Israel began a ground offensive into Gaza City, military officials said Tuesday, slow-rolling into the beleaguered city from multiple directions despite international opprobrium and even as hundreds of thousands of Palestinian residents remain within Gaza’s devastated confines.
Weeks of intense bombardment that all but leveled the Gaza Strip’s largest urban center made way for what Israeli military officials said was the ground maneuver phase of the operation to occupy the city.
“We are determined and offensive. We have defeated Hamas militarily wherever we have fought them, and we will act until Hamas rule is dismantled,” the Israeli military statement said.
Two divisions — comprising tens of thousands of soldiers — began entering the city late Monday from its western flank, with two other divisions encircling the city. Some 130,000 reservists are expected to be mobilized in the coming days, the Israeli military said.
“Gaza is burning,” Israeli Defense Minister Israel Katz said in a post on X. “We will not relent or turn back until the mission is complete.”
Residents reported the Israeli military dispatched what they called “booby-trapped robots” — armored personnel carriers filled with explosives repurposed as unmanned drones — into city neighborhoods. Military officials quoted in Israeli media say troops are proceeding with caution, with the expectation of some 2,000 Hamas fighters bunkered in the city.
Tim Cook Says Apple Will Invest $600 Billion In US Manufacturing, Creating A ‘Domino Effect’ As iPhone 17 Pre-Orders Show Strong Momentum – Yahoo Finance
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Apple Inc. (NASDAQ:AAPL) CEO Tim Cook said the company’s record $600 billion investment in U.S. manufacturing over the next four years will benefit 79 factories nationwide and spark a “domino effect” of growth, as early data points to strong iPhone 17 demand.
In an interview with CNBC’s Jim Cramer that was published on Monday, Cook focused on Apple’s unprecedented domestic investment plan.
“We can’t be everywhere. I wish we could, but we are putting $600 billion to work in the next four years,” Cook said. “And so it is an extraordinary commitment. And there’s 79 factories across the U.S. that will benefit from this.”
Jerome ‘Too Late’ Powell Expected to Cut Rates This Week– townhall.com
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Excerpt:
The Federal Reserve is poised to deliver its first rate cut of 2025 on Wednesday, even as policymakers weigh the inflationary impact of new tariffs and lackluster labor market data, according to Fox Business. The Federal Open Market Committee is expected to trim rates by 25 basis points, the first cut since December 2024, bringing the target range down to 4.00 to 4.25 percent. Markets have already priced in the move, with the CME FedWatch tool showing a 96 percent probability of a quarter-point cut with just 4 percent odds of a deeper half-point reduction.
Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/fXt6ew9fZ8 pic.twitter.com/m1O41X104R
— Federal Reserve (@federalreserve) September 16, 2025
I expect Jerome Powell to (finally) cut by 0.25% tomorrow. That’s too little, too late from Too Late. The real question is what the Fed signals for its last two meetings of the year. Will they signal two more cuts? And might those cuts be larger than 0.25%? I sure hope so,… pic.twitter.com/0RmqHvCNTb
— James Fishback (@j_fishback) September 16, 2025