Housing Prices Climb – But Cancellation Rates Are Up, Too
Another reason to love your home. According to the National Association of Realtors, the median 2nd quarter sales price is still climbing. Homebuilding cancellation rates are growing, too.
CPI drops. A bit.
The 8.5% year-over-year rise came in under the estimate and down from last month’s 9.1% gain.
EV tax credit? Not so fast.
To qualify, the EV’s battery must be built in North America. 50 of the 72 electric, hydrogen or plug-in models sold in the US don’t meet the requirements.
Anti-inflation legislation takes a new direction
The Senate changed the name of its legislation nearly as soon as it passed. What will it do for inflation and the economy?
What about those bonds?
The labor market, slowing growth, mega cap tech, and the Fed reversing course too soon.
Jobs Report Casts Doubt On Recession Declarations
Friday’s jobs report showed the labor market returning to pre-pandemic levels. That surprising headline, in addition to a July full of rebounds, seems to show an economy not in recession. With inflation continuing to threaten, will the Fed raise rates in September? Annex Wealth Management’s Dave Spano and Derek Felske discuss.
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Are we in a recession?
Trevor Nargis and Blaine Disrud discuss the labor market, slowing economic activity, cash on the sidelines, and recessionary conditions materializing.