Hints at September Rate Cut? Market Update 8/5/2024
- Author
- Larry Bailey
- Published
- Mon 05 Aug 2024
- Episode Link
- None
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Hey everyone, it's Larry Bailey. This is for the Week of July 29, 2024 in Review
The Fed held rates steady but hinted that the time for a cut may be approaching. Plus, there were more signs that the labor sector is weakening while home prices hit a new high. Here are last week’s headlines:
- Fed Holds Rates Steady, Hints at September Cut
- Weak July Jobs Report More Indicative of Real Picture
- Private Payrolls Hit Lowest Level Since January
- JOLTS, Jobless Claims Show Labor Sector Weakness
- Home Prices Hit New Record High
- Pending Sales Jump Higher in June
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