Kevin Warsh's Fed left rates alone on July 29 and spent the press conference on something more consequential: which inflation measure deserves the weight. Five official gauges of the same June economy disagree by more than three percentage points, and a BEA methodology change landing September 30 will move the headline number without a single price tag changing.
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Grad PLUS lent up to the full cost of attendance. Its replacement caps professional students at $50,000 a year — against a medical-school year that averages $61,110. The difference does not disappear.
Fitch tracks sixteen perpetual non-traded BDCs. In Q2 2026, redemption requests averaged 10.3% of shares against a standard 5% cap, and ten of the sixteen breached it. Nothing broke — which is the uncomfortable part.
Nationally, asking prices are down about 2% and inventory is up 3.2% — a picture of orderly rebalancing. Underneath it, Austin's median list price is down 12.2% while San Francisco's inventory has fallen nearly 20%. Those are not variations around a mean.