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Evercore: Q2 GDP, PCE data came in stronger than expected, but 'not enough to seriously challenge' expected September Fed rate cut; robust figures driven by surge of immigrant workers, strong domestic labor force participation, healthy productivity levels
Published: July 26, 2024 by Investing.com
Statistics Canada finds retail sales dropped 0.8% in May, driven by decreases at grocers and alcoholic beverage retailers; economist at Capital Economics says higher interest rates are weighing on consumers' finances and appetite for big-ticket purchases
Published: July 26, 2024 by The Canadian Press
Jefferies identifies geopolitical tensions in Middle East and Russia-Ukraine conflict as top market risks, especially in G7 world; outlook remains positive on equities and credit in H2, with both Fed and ECB expected to initiate rate cuts in September
Published: July 26, 2024 by Investing.com
US 30-year fixed-rate mortgage averaged 6.78% as of Jul. 25, up slightly from 6.77% a week ago; 30-year FRM averaged 6.81% a year ago: Freddie Mac
Published: July 25, 2024 by Federal Home Loan Mortgage Corp. (Freddie Mac)
All-cash home sales hit 6.9% in Q2 2024, the lowest since Q4 2021; FHA-backed sales dropped to 12.0%, and VA-backed sales fell to 5.1%, per NAHB analysis of Census report
Published: July 25, 2024 by National Association of Home Builders (NAHB)

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