Mortgage applications saw an overall increase in the latest report from the Mortgage Bankers Association, despite continued volatility in interest rates. Following a modest decline in average rates for 30-year fixed mortgages, both purchase and refinance applications edged up. The average rate for these loans dipped to 7.02% from the previous week’s 7.07%, prompting some…
**Stocks Face Inflation Test** This week, investors are watching closely as new inflation data is set to be released, with many anticipating that it could disrupt the recent rally in stock markets. Some analysts are warning that continued strength in inflation could prompt the Federal Reserve to keep interest rates elevated for a longer period,…
**Costco Wholesale: Mixed Outlook Amid Strong Fundamentals** Costco remains a strong presence in the retail world, showing robust fundamentals through steady revenue growth, rising membership renewals, and consistent same-store sales. Analysts highlight the company’s healthy balance sheet, prudent inventory management, and ability to pass increased costs onto customers as signs of operational excellence. However, uncertainty…
Recent economic trends suggest cautious optimism for Arizona real estate amid cooling inflation, steady jobs, and potential future rate cuts.
Investors are closely watching shifting inflation expectations and their effects on different market sectors. Recent data suggests that as inflation expectations rise, the financial sector, particularly banking, has started to outperform, while the automotive sector faces headwinds. This divergence stems partly from banks benefiting from higher interest rates, while automakers contend with increased production costs…
**Consumer Spending and Inflation Update** Consumer spending in the United States picked up slightly last month, reflecting the ongoing strength of American shoppers despite higher costs. According to the latest government data, Americans increased their spending on goods and services, which is often a sign of confidence in the economy. However, this surge was accompanied…
**Market Overview** U.S. stock futures showed gains ahead of the release of key inflation data, specifically the Personal Consumption Expenditures (PCE) index, which is closely watched by the Federal Reserve for clues on interest rate policy. Investors are also anticipating quarterly earnings reports from major tech companies including Apple and Amazon, which are likely to…
**Consumer Spending Slows Amid Economic Uncertainty** Recent data shows that American consumers are becoming more cautious with their spending as economic uncertainty persists. Factors such as elevated interest rates, inflation, and the sustainability of job growth are leading households to reduce discretionary purchases and reconsider big-ticket items. This shift in consumer behavior is notable because…
By: … personal consumption expenditures as hiring and wage growth slowed and inflation crept higher. Nevertheless, we expect a 0.3% increase in personal … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
The number of Americans actively looking for work nearly matched number of US job openings in June as hiring slowed while companies assessed the impact of political changes on US policy. The number of Americans actively looking for work nearly matched number of US job openings in June as hiring slowed while companies assessed the…