The Ticker

Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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Bay Area's high housing costs leave local commuter trains without engineers

New rail line cites housing costs in struggle to find employees
The famously high cost of housing in San Francisco and the surrounding Bay Area has a new commuter train line in desperate need of new engineers as candidates for the position repeatedly tell the Sonoma-Marin Area Rail Transit agency that it's simply too expensive for them to live where they’d be working.
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Consumer optimism holds steady in July

Economic growth to continue into third quarter
Consumer confidence barely moved, but remains historically high. While consumers may feel less confident about business in the short term, experts explain that this report tells tale of increasing economic growth into the third quarter.
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Behind the scenes on why Castro didn’t get picked to be Clinton's vice president

Two keys factors that changed
After much talk, and even controversy, surrounding HUD Secretary Julián Castro’s possible nomination to become Hillary Clinton’s vice president, there was a lot more going on behind the scenes, preventing him from locking in the bid. In an interview with The Washington Post’s Dan Balz, Castro explains what happened in the days leading up to Clinton's major vice president reveal.
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Tired? Here's one mortgage lender's fun tip on perking things up

Walking and group exercises help, too
United Wholesale Mortgage goes to great lengths to create a fun, but also driven, work environment at its headquarters. In what may be one of the best examples of UWM’s dedication to its employees, the company’s answer to getting through the day goes a little off track. But according to the CEO, it works.
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