
MarketMinute | What's easing pressure on buyers?
The consumer price index rose 8.5% in July from a year ago but was below expectations, due largely to slumping energy prices. Wholesale prices also fell in July, down 0.5% from the previous month. It was the first wholesale price drop in 2 years. Non-farm payrolls rose 528K in July, and the unemployment rate was 3.5%, easily beating estimates of 258K and 3.6%. Fannie Mae’s Home Purchase Sentiment Index fell 2 points in July to 62.8, its lowest reading since 2011. The total...
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