
MarketMinute | Home prices move up despite higher rates
Unemployment claims fell to the lowest level in 3 weeks, showing renewed labor force momentum and a healthy demand for workers. Even with a resilient economy, small business confidence is back at an all-time low, according to a CNBC|SurveyMonkey Small Business Survey. Credit card spending has propped up the economy but is showing signs of slowing, as consumers feel the pinch of higher rates. July home sales fell again as supply dropped to a 25-year low. The number of homes for sale at month’s end...
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