US Existing Home Sales Fall As Prices And Mortgage Rates Rise
Housing supply also remains relatively tight. The report said about 1.54 million homes were available for sale in July, representing a 4.6-month supply.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Which Risks Are Emerging As The US Oil Reserve Hits A 1983 Low
Oil prices also climbed, with West Texas Intermediate reaching about $82.13 a barrel and Brent crude rising to roughly $87.72.
Why Don’t We Keep Buying? (And Buying)
Observation of the transaction suggests that the man values the bottle of water more than the two dollars he forgoes to acquire i
Prosperity Is Not Enough
The economy is booming, but voters remain unconvinced. With the Democratic left gaining ground, Republicans risk squandering an advantage they should own.
U.S. Hiring Turns Negative As Labor Market Weakens
Despite the drop in employment, the unemployment rate edged down to 4.1% as labor force participation fell to 61.4%, its lowest level in more than five years
US Jobless Claims Rise Slightly As Layoffs Stay Historically Low
The report said weekly claims have generally remained within a range of 200,000 to 250,000 since the recovery from the pandemic recession.
Monetary Savings Versus Real Savings
The NIPA framework is based on the Keynesian view that spending by one individual becomes part of the income of another individual
Gold Climbs To Seven-Week High On Weak Jobs Data
Spot gold briefly touched $4,295 per ounce before easing to around $4,268, while gold futures traded near $4,329 per ounce
US Job Openings Drop In June, Hiring Increases
Job openings, a measure of labor demand, had decreased by 178,000 to 7.359 million by the last day of June, the Labor Department‘s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
ADP: Private Employers Added Only 44,000 Jobs In July
The services sector accounted for all net job gains, adding 47,000 positions, while goods-producing industries shed 3,000 jobs.
How Are Higher Mortgage Rates Affecting Homebuyers
Total mortgage applications fell 2.9% from the previous week and were 5% lower than the same period a year earlier, marking the first annual decline since April
The Rebound Holds
The RCM/TIPP Economic Optimism Index held July's rebound in August, easing just 0.4 points to 45.1, as personal finances firmed and the six-month outlook slipped.
Illinois Takes A Swipe At Interchange Fees—And Misses
That’s what’s happening with interchange fees—the fees companies like Visa and MasterCard charge to process credit and debit card payments.