Consumer prices rose slightly in July as gas prices fell again, easing inflation concerns and lowering the odds of a Fed rate hike.

Wholesale prices were flat in July, also coming in better than expected and adding to signs of cooling inflation.

Unemployment claims ticked up last week. However, they remain near historic lows, and the labor market still looks stable.

Existing home sales fell for a second straight month in July as rates and home prices continued to hold buyers back, per NAR.

NAR also reports a near-record median existing home price of $434,100 in July, 2% higher than a year earlier and just shy of the record set in June.

Purchase apps rose 3% last week but remained 1% below last year, as high costs and economic uncertainty continued to weigh on buyers.