
MarketMinute | Good news for buyers! Inventory and price cuts are on the rise
The labor market softened in July. Just 114K new jobs were added, and unemployment rose to 4.3%, the highest level since October 2021. Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession, as freight demand remains robust. Markets now anticipate the Fed will begin slashing policy rates with a half-point cut in September and a full point by year's end. Realtor.com reports home sellers slashed prices in July at the fastest pace in 2 years, with...
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