Daily News 9-24-2026

The Federal Reserve’s quarter-point increase to a 3.75% to 4% target range began its first tightening campaign since July 2023, with policymakers signaling that at least one more increase may be needed before year-end. Past hiking cycles have ranged from modest adjustments to the aggressive inflation-fighting campaigns of the 1970s and early 1980s. Larger and faster cycles were more likely to precede recessions, although a recession was not inevitable. History offers no single…»

Stocks fall, with the Nasdaq and S&P 500 retreating from record territory as bond yields suddenly jump All eyes were on the jolt higher in U.S. Treasury yields on Wednesday after economic data on the manufacturing front surprised to the upside, sending a shock through the world’s most important bond market. The all-important benchmark 10-year Treasury yield TMUBMUSD10Y 5.116% surged 14.7 basis points to 5.113%, its highest level since July 2007, according to Dow Jones…»

Office buildings are a defining symbol of American life, serving as concrete representations of corporate culture and U.S. economic might. But when the pandemic upended the status quo, business leaders began to reconsider what the true purpose of their offices should be. How companies initially responded varied, and some have adopted new positions as the crisis of 2020 slips further into the past — even if the aftershocks are still influencing the Valley’s office market. “We had…»

Wespac Construction has completed the new Sprouts Farmers Market support office and flagship store at CityNorth in Phoenix, delivering a long-term home for one of Arizona’s most recognized public companies and adding a new public destination to the fast-growing North Phoenix district. The project totals approximately 186,000 SF at 20555 N. 55th St., near the Loop 101 and 56th Street. It includes an approximately 145,000 SF corporate headquarters, a 25,000 SF flagship Sprouts…»

RentCafe ranked Scottsdale No. 7 among the best U.S. cities for renters in its 2026 report released last week. Evaluated 150 cities with at least 10,000 apartment units using 20 key metrics across three categories: cost of living and housing (weighted 40%), local economy (weighted 35%) and quality of life (weighted 25%). Specific metrics include walkability, average apartment size and renter income growth. McKinney, Texas, took the top spot for the second year in a row. The South…»