
MarketMinute | Did Apps Go Down As Rates Went Up?
Consumer confidence grew in October at its fastest single-month pace since March 2021. Inflation increased slightly in September, according to the Fed’s favored PCE index. The 12-month rate was 2.1%, near the Fed target. Job openings in September fell to a 3-1/2 year low, and August's data was revised downward, pointing to a future easing in labor market conditions. Due to a September dip in rates, pending home sales jumped a surprising 7.4% for the month, the highest level since March....
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