Today’s News 9-4-2025

Investing.com — Federal Reserve Governor Christopher Waller reiterated his support for an interest rate cut at the September meeting, citing weakening labor market conditions. “I think we need to start cutting rates at the next meeting, and then we don’t have to go in a locked sequence of steps,” Waller said Wednesday in a CNBC interview. “We can kind of see where things are going, because people are still worried about tariff inflation.” Waller indicated that the…»

Arizona has been a reliable and long-standing national leader in job growth. But so far this year, the state has taken a big step backwards. Through the first seven months, Arizona has ranked 46th in bringing in new jobs. Despite the steep drop, it doesn’t indicate yet that the state is spiraling toward a recession. But it does surprise economic experts and signal a bit of a slowdown. There is still a bright side to The Arizona Republic’s annual employment report. Job growth can be seen…»

New apartment construction in the U.S. continues to be elevated in 2025, with an estimated 506,353 units expected for delivery by the end of the year, Yardi’s RentCafe reported. Although the figure is lower than the estimated 518,000 new units delivered in 2024, it remains significantly higher than the annual totals for each year since 2015. “Accordingly, even with the historic wave now cresting, the volume of new deliveries remains considerably higher than average…»

Nearly 1,000 acres of the sprawling Red River Ranch property once owned by Hollywood icon John Wayne have been sold to a developer planning to build a massive master-planned community that could be incorporated into a larger master plan with tens of thousands of homes. CLB Real Property Holding Co. LLC, an entity tracing to Tempe-based W Holdings, paid $29 million for 925.46 acres to a partnership between Scottsdale-based El Dorado Holdings Inc. and…»

TSMC Arizona has broken ground and begun construction this month on a planned 15-acre Industrial Reclamation Water Plant (IRWP). The IRWP is designed to achieve “Near Zero Liquid Discharge” which means the company will have the ability to reuse nearly every drop of water. At start-up, the IRWP will reach 85% recycling rate with a plan to reach 90% or better. The start of construction on the IRWP reflects the company’s commitment to sustainable operations and coincides…»