Trump Accounts have been in headlines for months. Few of those headlines explain them the same way. Depending on the article, they sound like a college fund, a retirement account, or something brand new altogether. For parents and grandparents trying to figure out whether any of it matters for their family, the noise has gotten in the way of the signal. What These Accounts Actually Are Section 530A accounts (Trump Accounts) officially launched on July...

Inflation has been running above the Federal Reserve’s target rate of 2.0%. However, the Consumer Price Index (CPI) did moderate notably in June from a very high May figure. Specifically, the CPI fell 0.4% on a month-to-month basis, the biggest drop in six years. The core CPI, which excludes the food and energy components, was unchanged. On a 12-month basis, the CPI and core CPI rose 3.5% and 2.6%, respectively, with both readings coming in...

The June employment report was rather uninspiring. The nation added an estimated 57,000 jobs last month, which was half the consensus forecast for 115,000 additions. The prior two-month total was revised down by 74,000 jobs. The unemployment rate did tick down, from 4.3% to 4.2%, but the change was primarily driven by more individuals leaving the labor force. The U.S. labor force participation rate, which measures the percentage of the civilian noninstitutional population (ages 16...