![MarketMinute | Is greater supply bringing prices down?](/themes/greenway/images/greenway_market.jpg)
MarketMinute | Is greater supply bringing prices down?
Economic growth accelerated by more than forecast in the 2nd quarter. The 2.8% initial reading doubled the 1st quarter's 1.4% growth rate. Jobless claims remained above 220K for the 9th straight week. The 4-week continuing claims average rose to its highest level since December. Markets continue to speculate the Fed will not cut its policy rate at next week's meeting but will start reducing rates in September. Home prices continued their rise and set a new high in June. The median price of...
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