"Latest Updates: July SNAP Benefits, Social Security Payments, and IRS Refunds in US Financial News"
Scammers have stolen millions of dollars from SNAP recipients using skimming devices, prompting the US Department of Agriculture to require states to reimburse stolen funds. Mississippi has removed 29,000 Medicaid recipients now that the pandemic emergency has been lifted, while some states continue to send out stimulus checks or tax refunds despite falling inflation. The IRS offers a tax credit of up to $7,500 for buying an electric vehicle. Inflation in the US is decreasing, with core inflation at its lowest since August 2021. Mortgage rates have risen, and Social Security recipients will receive their next payment on August 1. The US economy added 209,000 jobs in June, falling short of expectations, and investors anticipate the Federal Reserve will halt rate hikes after a 25 basis point increase.