
MarketMinute | Purchase apps continue year-over-year trend
The Fed's Beige Book shows economic activity and hiring mostly flat in recent weeks, with tariffs weighing on businesses and consumers. Job openings dropped sharply to 7.18 million in July, the second lowest since the pandemic. Slower hiring signals labor market weakness. Factory orders slid in July, hit hard by plunging aircraft bookings. However, non-transportation orders rose more than expected. Spending on new single‑family housing edged up in July. Overall construction continues to wane due to...
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