Housing
Financial News for the Week of July 8th, 2022
Financial News Highlights Recession calls increased this week, but the job market begged to differ. The U.S. added 372k jobs in June, keeping the unemployment rate at its historic low of 3.6% and amplifying fears about inflation. In contrast,…
Financial News for the Week of July 1st, 2022
Financial News Highlights Real personal consumption expenditures contracted in May, as consumers continue to tap excess savings. Indeed, in another sign that demand may be softening, core PCE inflation (that excludes food and energy) declined again…
Financial News for the Week of June 24, 2022
Financial News Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April and 2.5 months in May of last year.…