
MarketMinute | Home price increases persist
Consumer confidence dropped to a 4-month low in September, as consumers continued to feel the pressure of inflation. Orders for durable U.S.-manufactured goods rose in August. An increase in machinery and other products offset a drop in business spending. Last week’s unemployment claims fell to the lowest level since January, indicating a healthy labor market. Pending home sales dropped 7.1% for the month in August, as mortgage rates surged to levels not seen in 20 years....
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