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Credit/Debit Card Spending Picking Up
Credit/Debit Card Spending Picking Up The U.S. Census Bureau reported that personal consumption spending in Q2 2020 fell by nearly 35% on a seasonally adjusted annual rate. By: Scholastica (Gay) Cororaton
June 2020 Pending Home Sales
June 2020 Pending Home Sales June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. By: Michael Hyman
New Unemployment Claims Increased to 1.4 Million Last Week
New Unemployment Claims Increased to 1.4 M Last Week Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week. By: Nadia Evangelou
Instant Reaction: Latest Mortgage Rates and Unemployment Filings
Instant Reaction: Mortgage Rates and Unemployment The housing market is hot because of lower mortgage rates, but the luxury market may remain soft due to jumbo loan issues. By: Nadia Evangelou
Instant Reaction: GDP, July 30, 2020
Instant Reaction: GDP, July 30, 2020 As expected, economic activity collapsed in the second quarter due to the total virus-lockdown in April and only partial re-openings in May. By: Lawrence Yun