Economic Update Week Ending September 6, 2025

Weekly Economic Update; WEU
Stock markets closed the week off record highs, and interest rates dropped – Stock markets closed at record highs on Thursday but dropped on Friday after a disappointing jobs report showing that hiring has stalled over the past three months. Bond yields and mortgage rates fell after the jobs report was released. Experts pretty much unanimously agree that the Fed has no choice but to drop its key interest rates at their September meeting. Their mandate is to control inflation and to promote maximum employment. Since their last meeting, we have seen two dismal jobs reports and downward revisions to June’s hiring figures. Many economists believe that the Fed has waited too long and that a larger drop than 1/4% at its September 16 to September meeting could occur. Others feel that the Fed won’t do that as it will be an admission that they missed the signs of the job market turning and will likely do a 1/4% drop followed by another 1/4% at the October meeting. The August CPI and PPI reports will be released next week. The inflation rates will be something else the Fed looks at in determining interest rate decisions.

U.S. job growth stalled in July – The Bureau of Labor Statistics reported that 22,000 new jobs were added in August. That was far below the 75,000 new jobs that economists had forecasted. The unemployment rate increased to 4.3%, its highest level since 2021, up from 4.2% in July and 4.1% in June.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,400.86, down 0.3% from 45,544.88 last week. Year-to-date, it is up 1.9% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,481.50, up 0.3% from 6,460.26 last week. Year-to-date, the S&P is up 7.3% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 21,700.39, up 1.2% from 21,453.26 last week. Year-to-date, it is up 10.6% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.10%, down from 4.23% last week. The 30-year treasury bond yield ended the week at 4.78%, down from 4.92% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 4, 2025, were as follows: The 30-year fixed mortgage rate was 6.5%, down from 6.56% last week. The 15-year fixed was 5.6%, down from 5.69% last week. Rates ended the week almost 1/4% lower after the disappointing jobs report on Friday.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Have a Great Weekend!

Weekend Events | September 5 – September 7

Ease into the transition between summer and fall with this weekend round-up of fun events! From spooky spectacles to movies under the stars and more, we have you covered. Check out what’s happening in your neighborhood September 5 through September 7.

Los Angeles Weekend Events | September 5 – September 7 

Gloria Molina Grand Park’s Block Party

When: September 6

Where: Downtown LA

What: Grand Park’s postponed Fourth of July block party returns on September 6, reimagined as a tribute to Los Angeles’ resilience and cultural diversity. The free event will feature KCRW DJ sets, food trucks, art installations, and a dazzling drone show. Highlights include an immersive “Little L.A.” zone spotlighting immigrant communities and an art walk celebrating everyday Angelenos through portraits and interactive displays.

Movie Night on the Field

When: September 6 

Where: Dodger Stadium

What: Forget the usual park screenings—this time, you can watch Hook from the outfield at Dodger Stadium itself. The beloved ’90s classic will play on the DodgerVision videoboards, with guests invited to sprawl out on the iconic grass. Before the film, enjoy unique perks like photo ops, pressbox tours, specialty snacks, and even a chance to throw a few pitches in the bullpen.

Bob Baker Marionette Theater Hallowe’en Spooktacular

When: September 6 – November 9

Where: Highland Park

What: Bob Baker Marionette Theater’s family-friendly Hallowe’en Spooktacular returns for a two-month run of silly seasonal fun. This playful “boo-sical revue” features more than 100 handcrafted puppets in a refreshed stage show, now including a new Día de los Muertos segment and a sneak peek at BBMT’s first new production in four decades, Choo Choo Revue. Come October, kids are invited to join a costume parade after each performance—so dress to impress!

Westside and Beach Communities Weekend Events | September 5 – September 7 

Oedipus the King, Mama!

When: September 4 – September 27

Where: The Getty Villa | Pacific Palisades

What: The Getty Villa’s Outdoor Classical Theater series returns with a bold new twist: a musical mashup of Sophocles’s tragic Oedipus and the music of Elvis Presley. Staged in the Villa’s open-air amphitheater, this inventive production is brought to life by the L.A.-based Troubadour Theater Company, known for its genre-blending takes on classical works. Arrive early to enjoy seaside breezes and themed concessions like Memphis-style ribs and the decadent “Elvis” sandwich (peanut butter, banana, and Nutella) before the show begins.

Sun Soaked

When: September 6

Where: Huntington Beach

What: Kaskade brings his beachfront festival vibes back to Southern California with another sun-soaked edition at Huntington State Beach. Expect a high-energy lineup featuring Meduza, SKILAH, Sidepiece, Malaa, Anabel Englund, Walker & Royce, and MPH. With ocean views, house-heavy beats, and a party-ready crowd, it’s set to be one of the summer’s hottest dance events on the sand.

Oogie Boogie Bash

When: Until October 31 

Where: Anaheim 

What: Oogie Boogie Bash is back at Disney California Adventure, transforming the park into a spooky wonderland for a special after-hours Halloween celebration. Held on select nights from late August through October, the five-hour event features trick-or-treat trails, live shows, the Frightfully Fun Parade, and the immersive Villains Grove—all with shorter ride wait times and seasonal overlays like Monsters After Dark.

San Fernando Valley Weekend Events | September 5 – September 7 

Halloween Horror Nights

When: September 4 – November 2, 2025

Where: Universal Studios | Universal City

What: Universal Studios Hollywood kicks off Halloween Horror Nights on September 4, transforming the park into a scream-filled spectacle with themed haunted houses and mazes. Highlights include a Fallout-inspired post-apocalyptic wasteland, the chilling Jason Universe celebrating 45 years of Friday the 13th, and a terrifying Five Nights at Freddy’s maze. Plus, the Terror Tram returns with creepy encounters featuring Blumhouse villains like M3GAN.

Free Milkweed Giveaway at Encino Farmers Market

When: September 6

Where: Enicno Farmers Market

What: Help support the monarch butterfly population at the Santa Monica Mountains Fund’s free narrowleaf milkweed giveaway! As the sole host plant for monarch caterpillars, narrowleaf milkweed plays a vital role in restoring this iconic species. Each household can receive four to six native plants to nurture at home—providing essential food and habitat for monarchs. Don’t miss this chance to plant with purpose and make a meaningful difference for local wildlife.

Candle Making with Create. Meow. Repeat

When: September 7

Where: Tansy | Burbank

What: Unleash your inner artisan at this hands-on candle-making class hosted in the inviting Tansy garden. Led by the founder of Create. Meow. Repeat. LLC, you’ll craft a clean-burning coconut wax candle using non-toxic ingredients and your choice of premium scents. While your candle cools, explore the gift shop, sip Cafecita Cafe coffee, and mingle with fellow creators. Perfect for ages 10 and up, this 1.5-hour workshop includes all materials—and you’ll leave with your own custom-labeled 7.5oz candle, ready to enjoy the same day.

Conejo Valley Weekend Events | September 5 – September 7 

Cielo Sessions

When: Until October 3

Where: Santa Monica Mountains

What: Cielo Farms brings golden-hour vibes to a new live music series, Cielo Sessions, set against its Tuscan-style vineyards in the Santa Monica Mountains. Known for its scenic wine bar and occasional comedy nights, the estate now hosts a curated lineup of local talent. The debut features a DJ set from KCRW’s Wyldeflower, followed by a performance from American Idol finalist Jen Hirsh’s Monogem—plus food, wine, and sunset views to match.

Summer Season at Theatricum Botanicum

When: Until October 12 

Where: Topanga 

What: For over 50 years, this open-air amphitheater in Topanga Canyon has enchanted audiences with its intimate, nature-filled setting and diverse productions. This season, themed “A Season of Resilience,” features Much Ado About Nothing, A Midsummer Night’s Dream, a Malibu-inspired take on The Seagull, and Strife by Nobel laureate John Galsworthy. Perfect for theater lovers of all ages.

Seaside Movie Night Presents Jaws

When: September 6

Where: Ventura Harbor Village, 1583 Spinnaker Dr, Ventura

What: Catch a movie under the stars at Ventura Harbor Village during Seaside Movie Nights on August 9, September 6, and October 11, 2025. Each evening kicks off with pre-show entertainment and live music before iconic films light up the Main Lawn after sunset. Enjoy seaside dining, then settle in with your blanket or low chair for a beachy cinema experience.

From Switchbot to Google’s Veo3 and More! | Tech News

Dial into this week’s top tech headlines from across the web. We’re breaking down the stories you won’t want to miss, from Switchbot to Google’s Veo3 and more. Check out this week’s tech news blog!

Threads Lets You Attach 10,000-Character Text Blocks

Threads added a text-attachment editor so posts can include up to 10,000 characters of formatted text beneath a regular post. The feature restores a light blogging capability inside the app and supports bold, italics, and links in the expanded block. Creators can use it to share long-form thoughts or article previews without leaving Threads. Expect more in-app essays and deeper context on the platform. 

Google Photos Launches Veo3 to Animate Camera Rolls

Google Photos debuted Veo3, a free tool that transforms stills into short animated clips directly from your camera roll. Veo3 is aimed at quick social clips and prototypes rather than high-end VFX, with simple controls for refining motion and exports. It makes turning photos into shareable motion content fast and accessible to casual creators. This lowers the barrier for short video storytelling. 

SwitchBot Unveils AI Hub, E-Ink Frame, and Robot Pet

At IFA, SwitchBot revealed an AI hub that runs local automation, an ultra-low-power E-Ink info frame, and a playful robot pet for home companionship. The hub centralizes routines and on-device AI to reduce cloud dependence and speed reactions for smart appliances. The E-Ink frame always gives always-on contextual info without the power draw of LCDs, while the robot pet showcases companion robotics for families. Together, they aim to make smart homes more private, efficient, and charming. 

Amazon’s Project Kuiper Links with JetBlue for In-Flight Internet

Amazon’s Project Kuiper struck a deal with JetBlue to bring Kuiper satellite broadband to passenger planes, promising steadier Wi-Fi on transcontinental routes. The partnership will provide in-flight connectivity through Kuiper satellites where ground networks fall short. Airlines should see improved streaming and services for passengers once installations roll out. It’s a major step toward reliable in-air broadband. 

World’s First Sodium-Ion Power Station Handles Extreme Cold

A commercial sodium-ion power station has proven it can operate in extreme cold, offering a lower-cost alternative to lithium batteries for grid storage. Sodium chemistry uses abundant materials and shows stable discharge and recharge cycles at low temperatures. This tech could reduce storage costs for cold-climate projects and remote installs. Wider adoption would diversify battery chemistry options for energy grids. 

Adobe Premiere Arrives on iPhone as a Free Mobile Editor

Adobe released a free Premiere editor for iPhone, bringing timeline editing, multiclip tools, and Creative Cloud sync to mobile creators. The app supports trimming, color tweaks, and quick exports for social and short-form production. It makes serious mobile editing viable without desktop handoffs for many workflows. Expect faster mobile-to-desktop project continuity for editors on the go. 

Roborock’s Rockmow Z1 Brings Autonomous Mowing to Yards

Roborock launched the Rockmow Z1 robotic mower with smart mapping, zoned mowing, and obstacle avoidance for residential lawns. The Z1 plans efficient routes and reports status via an app, aiming to automate yard maintenance quietly and reliably. It’s a logical extension of robot vacuums into outdoor chores for homeowners who value time savings. Early impressions highlight convenience over manual mowing routines.  

Mortgage Rate Update | September 4, 2025

MRU

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 4, 2025, were as follows:

The 30-year fixed mortgage rate was 6.5%, down from 6.56% last week. The 15-year fixed was 5.6%, down from 5.69% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Our Favorite Pho Spots Around Town | L.A. Eats

As the weather cools down, there is one thing guaranteed to keep you warm…Pho. The traditional Vietnamese soup is an ideal meal for any time of the year, especially on chill days. Whether you are under the weather or just in need of a warm lunch or dinner, check out our list of top spots around town.

Pho Cafe

Location: Silverlake

It seems like food gems are easily found in strip malls, and so is the case for Pho Cafe. The Vietnamese eatery has an excellent pho tai bo vien, among other tasty options. Bright and modern, this restaurant makes for a great stop for lunch or a lowkey date night. 

Nong La

Location: Hancock Park

With two locations on Sawtelle and on La Brea, Nong La is a neighborhood favorite. At this local spot, you can expect meat that is high-quality and broth that is both light and lemongrass flavor. For a spicy kick, try the bun bo hue – a spicy lemongrass soup with pork patty and beef shank. 

Pho 2000

Location: Koreatown

For the days when you’re not feeling too well, Pho 2000’s oxtail pho is here to save the day. Enjoy Korean-style options that have just the right amount of noodles and meat. Also good to know: they’re open until 2am (and 3am on weekends).

Blossom Vietnamese

Location: Santa Monica

Blossom, a Vietnamese spot that offers noodles and more in Sunset Park, is another local go-to. The bustling, compact eatery offers family-style seating and a range of Vietnamese staples.

Glendale Pho Company

Location: Glendale

Under the radar but never a disappointment, the Glendale Pho Company is a valley go-to. The portions are huge and usually fall under $10. In addition, the rare steak is excellent.

Vinh Loi Tofu

Location: Reseda

Owner and chef Kevin Tran make fresh tofu each day for his savory and sweet vegan fare. The Iron Man pho satisfies, while the warm and sweet ginger tofu “pudding” comes through for dessert. The second location in Cerritos is just as solid as the original.

Staycation in Fabulous Temecula | Out & About

Located in Riverside County, Temecula serves as the perfect place for a staycation! A town with a rich history, vineyards, shopping, unique festivals, and excellent accommodations, plan a staycation today.

Temecula is approximately 85 miles southeast of downtown Los Angeles. 

The town has become a favorite spot for tourists and LA locals alike to unwind and recharge. Let’s take a closer look below at the ways you can enjoy a weekend in Temecula!

Wine Country

If you’re a lover of great wines, then Temecula Valley Wine Country is for you! With over 50 wineries, Temecula has become the center of Southern California’s wine industry. Likewise, most wineries offer tours and tastings, with a range of package options.

Our picks:

Baily Vineyard & Winery

A family-owned winery that specializes in wines made from Bordeaux varieties,

Carter Estate Winery

An upscale resort and winery with wonderful bungalows and suites for visitors.

Shopping

If your way to unwind is to shop till you drop, certainly Temecula has what you need!

Our picks:

The Promenade Mall

With over 170 name brands and stores, The Promenade Mall serves as the area’s fashion and lifestyle destination.

 

Old Town Temecula

If you prefer rustic charm, make your way to Old Town Temecula. In the same vein, the main street hub offers antique browsing, boutique specialty shops, and more! Likewise, here you can find local artisan-made goods and craft breweries, all within a historic western-style setting.

Dining

No staycation meets the grade without great dining, and Temecula has it in abundance. Likewise, Old Town is a foodie’s delight, with everything from unique pub dining to homemade Italian fare. During your stay, check out these delicious spots!

Our Picks:

The Pinnacle At Falkner Winery

With its Mediterranean/American luncheon cuisine,  The Pinnacle at Falkner Winery is a must.

The Vineyard Rose Restaurant at South Coast Winery

At the Vinyard Rose, you’ll find exceptional breakfast, brunch, lunch, and dinner dining options.

The Restaurant at Leoness

Looking for picturesque outdoor dining? Look no further than The Restaurant at Leoness. They are known for their premium al fresco experience.

Where To Stay

Temecula simply offers the finest in accommodations, especially known for its exceptional resort hotels. Above all, this means a fabulous stay can be easy to find!

Our Picks:

Carter Estate Winery and Resort

At the Carter Estate, you’ll find serene luxury and comfort. Likewise, the estate provides a truly tailored experience with only a select number of rooms available. 

Bolero at Europa Village

At Bolero, you’ll enjoy quaint French and Italian villages that provide the perfect romantic ambiance.

And Don’t Miss the Festivals

If there’s anything Temecula is known as much for as its wineries, it’s the fabulous festivals. While some have not yet returned due to the pandemic, you can at least add these to your calendar! Have some outdoor fun events like the amazing Temecula Valley Balloon and Wine Festival

 

The Top 10 Fall Plants to Add to Your Garden | Home Tips

Fall is just around the corner, and that means it’s time to rotate the inhabitants of your garden. Fall plants offer just as much charm as their spring and summer counterparts. But what can you nurture in your garden that screams fall’s warmth, but is still colorful? Here’s a list of the top 10 best fall plants for your garden!

Asters

fall plants

If you want to bring a little wildflower essence to your fall garden, asters would be a great choice to make. These small daisy-like flowers can be planted at any time of the year and add subtle charm with their blue or purple petals.

If planted in the fall, asters can also be a final source of nectar for pollinators, which are greatly attracted to the plant’s scent.

Autumn Sedum

Autumn sedums bring life to any fall garden with their fresh foliage of star-shaped flowers that either sit in a cluster or spray out to showcase their ever-changing colors throughout the season.

Easy to grow and known for their durability, these fall plants come in a variety of sizes with unique blossoms that begin as pink, develop to bronze rose, and ultimately flourish in deep red.

Chrysanthemums

As the meaning of its name implies, the “golden flower” chrysanthemums originally came only as gold, but now they’re found in a variety of colors from the most vibrant reds to the softest lavenders.

Chrysanthemums are amazing fall plants for any garden because of their balance of youth and maturity, and limitless possibilities of design.

Helenium

Heleniums are simple plants to grow and are a top choice for any garden whether it’s in the planning stages or already in blossom. These lovely flowers range from gold, red and brown, and come in a wide range of styles, and sizes.

Because of these unique traits, Heleniums are more than capable of being the solo plant species in a garden, as it provides a world of interest all on its own with not one bed identical to another.

Marigold

fall plants

Marigolds are popular garden plants because of their rich blends of yellow to orange and long-lasting bloom.

Active during spring, summer, and the fall, these easy-to-grow flowers offer a bright welcome to many companion flowers, so pairing has little to no hassle. Marigolds also give the overall appearance of any garden an attractive pop that can light up your day.

Pansy

fall plants

Pansies are a classic spring and fall plant because of their easy care and variety of colors.

These charming flowers are hardier than they appear, able to last up to eight months if planted in the fall. This means you’ll have a colorful array of petals all throughout fall, winter, and spring to bring an endless light to your garden.

Purple Fountain Grass

fall plants

The purple fountain grass is popular for its beauty and versatility as a centerpiece or sophisticated border. The unique blend of white and purple and the natural, elegant pose of this plant make it a beautiful accompaniment to fall gardens of many arrangements.

The plumes, or feathery seeds at the tips of the flowerheads, can also be used for dried flower arrangements for your home.

Shrub Rose

fall plants

Shrub roses are hardy fall plants with long-lasting times of bloom and have a natural resistance to disease! Able to be planted from spring to fall, these plants are easy to care. They also require little hassle or later nurturing.

Their color ranges from humble white to eye-catching purple. This makes the garden arrangement a breeze when pairing with your other plants.

Sweet Alyssum

fall plants

Sweet alyssum is a unique plant in that most varieties fade in the heat.  They thrive in cooler temperatures, such as early spring and all throughout the fall season.

They are a simple plant to grow that blooms quickly and comes in a wide range of colors. A blanket of tiny cross-shaped sweet alyssums would add charm to any garden or landscape.

Viola

fall plants

Violas are a fast, long-lasting plant that blooms primarily in the cool seasons. They can remain in bloom even during warmer temperatures.

Violas are easy to grow, but self-seed most often. This brings an almost everlasting and colorful resident to your garden no matter the season.

Economic Update | Month Ending August 31, 2025

Interest rates dropped and stock markets rose for the fourth consecutive month in August – Fed Chair Jerome Powell spoke at the Jackson Hole Economic Policy Symposium in Wyoming. He noted that a weakening labor market “may warrant” interest rate cuts, sparking a strong rally in stock markets, and a drop in interest rates. The second quarter GDP was upgraded to a 3.3% increase in the second quarter of 2025. That’s a tremendous turnaround from a 0.5% drop in the January to March 2015 quarter. With stock markets at record highs, interest rates finally showing signs of dropping, and corporate profits strong, it will be interesting to see if the economy can continue growing now that the job market has begun to slow off its 50-year low unemployment rate.

Consumer Inflation held steady while wholesale inflation jumped – The Consumer Price Index (CPI) for July showed that consumer prices rose 2.7% from one year ago, unchanged from June and below analysts’ expectations of a 2.8% increase. The core CPI rate, which excludes food and energy, rose 3.1% from one year ago, above the 3% forecast. While the CPI rate has gone up from 2.3% in April to 2.4% in May and 2.7% in June and July, that was not as much as economists expected due to tariffs. Unfortunately, the Producer Price Index (PPI) showed that wholesale prices increased 0.9% month-over-month in July, the highest monthly increase since June 2022. Year-over-year the increase was 3.3% for headline PPI and 3.7% for Core PPI. Wholesale inflation is usually a precursor to consumer inflation, as the increase in costs is later passed on to the consumer. The personal Consumption Expenditure Index (PCE), the Fed’s favorite gauge of inflation, showed that inflation grew at a 3.7% rate in July, unchanged from June. Core PCE grew at a 2.9% annual rate, up from 2.8% in June. So far we have seen some upward pressure on inflation but not to the extent that experts predicted. That could be because tariffs on many countries were delayed.

Stock markets ended the month at record highs- The Dow Jones Industrial Average ended the month at 45,554.86, up 3% from 44,230.98 on July 31, 2025. The Dow is up 2.2% year-to-date. The S&P 500 closed the month at 6,460.26, up 1.9% from 6,339.54 on July 31, 2025. It is up 7% year-to-date. The NASDAQ closed at 21,455.25, up 1.6% from 21,122.45 on July 31, 2025. It is up 9.3% year-to-date.

U.S. Treasury Bond Yields – The 10-year U.S. treasury bond yield closed the month at 4.23%, down from 4.37% on July 31, 2025. The 30-year treasury yield ended the month at 4.92%, up from 4.89% on July 31, 2025. We watch bond yields because mortgage rates often follow treasury bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 28, 2025, were as follows: The 30-year fixed mortgage rate was 6.56%, down from 6.72% last month. The 15-year fixed was 5.69%, down from 5.85% last month.

The graph below shows the trajectory of mortgage rates over the past year.

This week the California Association of Realtors and the National Association of Realtors released their July 2025 home sales report. You can run a report on your city or zip code with the same data at RodeoRe.com

U.S. existing-home sales increased 2% in July after slowing in June – The National Association of Realtors reported that existing-home sales totaled 4.01 million units on a seasonally adjusted annualized rate in July, up from an annualized 3.93 million units in June. Year-over-year sales were up 0.8% from last July. The median price paid for a home sold in the U.S. in July was $422,400, down from $435,300 in June, and up 0.2% from $421,400 one year ago. There was a 4.6-month supply of homes for sale in June, up from a 4-month supply last July. First-time buyers accounted for 28% of all sales. Investors and second-home purchases accounted for 20% of all sales. All cash purchases accounted for 31% of all sales. Foreclosures and short sales accounted for 2% of all sales

California existing-home sales – The California Association of Realtors (CAR) reported that existing-home sales totaled 261,810 on an annualized basis in July, down 1% from 264,000 in June. Year-over-year sales were down 4.1% from a revised 272,990 annualized home sales last July. The statewide median price paid for a home in was $884,050 in June, down 1.7% from $889,790 in June and down 0.3% from $886,420 in July 2024. There was a 3.7-month supply of homes for sale in July, up from a 2.9-month supply of homes for sale one year ago.

Economic Update | Week Ending August 28, 2025

Weekly Economic Update; WEU
Fed’s preferred inflation index shows inflation under control in July – The personal Consumption Expenditure Index (PCE), the Fed’s favorite gauge of inflation showed that inflation grew at a 2.6% annual rate in July, unchanged from June. Core PCE grew at a 2.9% annual rate, up from 2.8% in June.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,544.88, down 0.2% from 45,631.74 last week. Year-to-date, it is up 2.2% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,460.26, up 0.2% from 6,446.97 last week. Year-to-date, the S&P is up 6.95% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 21,455.55, down 0.2% from 21,496.54 last week. Year-to-date, it is up 9.31% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.23%, slightly up from 4.26% last week. The 30-year treasury bond yield ended the week at 4.92%, up from 4.88% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 28, 2025, were as follows: The 30-year fixed mortgage rate was 6.56%, nearly unchanged from 6.58% last week. The 15-year fixed was 5.69%, unchanged from 5.69% last week.

The graph below shows the trajectory of mortgage rates over the past year.

 

Have a Great Weekend!

From iPhone 17 to Google Vids and More! | Tech News

Don’t miss the top headlines from across the web! Stay connected with what’s happening in the world of tech, from iPhone 17 to Google Videos and more – we have you covered. Check out this week’s tech news round-up!

Instapaper Replaces Pocket on Kobo E-Readers

Kobo pushed a free firmware update that swaps Pocket for Instapaper as the built-in read-it-later service, arriving just before Pocket’s data shuts down for good. The change means Kobo owners can continue saving long-form articles directly to their e-readers without a paid Instapaper subscription, and the new integration supports most current Kobo models. Kobo’s move addresses a tangle left by Pocket’s winding down and aims to keep the e-reading workflow seamless for heavy article consumers. Users should apply the firmware update to migrate saved links while they still can and check settings to confirm Instapaper syncing is active. Kobo and Instapaper say the pairing will be maintained and improved, which should reassure longtime Pocket users switching over. 

Honor Refreshes Mobile Line with Magic V5, MagicPad 3, and MagicBook Art 14

Honor launched a new hardware wave, including the Magic V5 foldable, MagicPad 3 tablet, and the MagicBook Art 14 laptop, emphasizing thin designs and flagship specs across the lineup. The Magic V5 touts an exceptionally thin chassis for a foldable and high-refresh OLED panel, while the MagicPad 3 brings tablet improvements aimed at creators; the Art 14 rounds out a light-but-capable laptop option. Honor is leaning into value and polish—offering features like strong battery life and capable cameras while pushing into markets that still want bold hardware experiments. Pricing and regional availability vary, but Honor’s strategy is clear: compete on design and features in crowded device categories. Early hands-on impressions highlight build quality and aggressive thinness as key differentiators for the V5. 

Microsoft Copilot Arrives on Samsung TVs and Monitors, Bringing GPT-5 Power

Microsoft expanded Copilot into Samsung TVs and monitors, embedding AI assistance directly into screens for things like summarizing content, drafting replies, and controlling apps—now powered by GPT-5 and a new Smart Mode that routes queries to the right model automatically. Users can ask Copilot on supported Samsung displays for meeting recaps, recipe steps, or to pull up contextual information without switching devices, and enterprise features land under Microsoft 365 integrations. The move turns the living room screen into a more interactive assistant and reflects Microsoft’s push to make AI omnipresent across surfaces rather than confined to phones or laptops. Privacy controls and admin settings aim to keep enterprise deployments manageable, while consumer versions focus on convenience and entertainment tie-ins. This step broadens where Copilot can be useful and demonstrates Microsoft’s strategy of embedding advanced models into everyday hardware. 

Kwikset’s Halo Select Plus Adds NFC Home Keys and Matter Support

Kwikset updated its Halo Select Plus smart lock to support NFC tap-to-unlock home keys along with Matter compatibility, letting guests use phones or NFC cards for quick entry without complicated app installs. The lock’s Matter implementation promises better cross-platform reliability across ecosystems like HomeKit, Google Home, and Alexa, while NFC keys make short-term access easier for deliveries, cleaners, or guests. Installers will appreciate streamlined provisioning and the option to manage credentials locally or through integrated smart-home platforms. Kwikset’s focus is on convenience plus interoperability—reducing friction for households that juggle multiple smart-home vendors. For people who want simple, secure ways to share access without full user accounts, NFC plus Matter hits a practical sweet spot. 

Google’s Vids Lets Anyone Make AI Avatars and Image-to-Video Clips

Google opened Vids—its AI video tool—to more users, enabling image-to-video and avatar generation powered by Gemini models so creators can transform stills into short motion clips or generate avatar-guided scenes. The feature stitches together visuals, voice, and motion with simple text prompts and lets users refine outputs with additional guidance; it’s meant for quick social clips, mockups, and creative experiments rather than polished film work. Google emphasizes safety guardrails and a moderation layer, but creators should still watch for artifacts and check output fidelity before publishing. Vids lowers the barrier to entry for multimedia content creation, letting smaller teams or solo creators prototype video concepts in minutes. As with many generative tools, expect rapid iteration—improvements to realism and control will arrive fast. 

Apple Sets iPhone 17 Launch Event for September 9

Apple confirmed an iPhone 17 event on September 9, where the company is expected to unveil the new iPhone family. In addition, Apple will potentially announce other accessories or software updates tied to iOS’s next major release. Rumors on the iPhone 17 point to incremental camera, battery, and performance upgrades. Likewise, the iPhone 17 will also likely include deeper AI-driven features baked into the OS. Of course, this continues Apple’s cadence of polishing hardware while layering on software differentiators. The event timing lines up with typical Apple fall launches, meaning preorder windows and ship dates will follow quickly for eager iPhone 17 buyers. Developers and accessory makers should watch for final spec changes for the iPhone 17 and new APIs that may affect app behavior or case design. For consumers, the event will clarify upgrade value and trade-in timing for those weighing a fall iPhone 17 purchase. 

Spotify Rolls Out DMs and Audio Clipboard Sharing to Boost Social Listening

Spotify added direct messages and richer audio-sharing tools so users can send songs, playlists, and short voice clips to each other inside the app—moves aimed at keeping more social music activity native rather than pushed to external chat apps. DMs support text and audio snippets and make collaborative playlisting and discovery feel more conversational and immediate, lowering friction for friends to swap finds. The feature also integrates sharing controls so creators can opt in or out of message-based promos, and Spotify says it’s testing moderation and spam protections. For listeners, it’s a convenience win; for Spotify, it increases time-in-app and creates new engagement pathways that could tie into future social product experiments. Expect iterative tweaks as Spotify balances utility with noise control.