This week on “Inside the Economy”, we discuss consumer spending and housing. With credit card spending on the rise and savings rates moving down, how long will this strong consumer spending last? Net home sales have seen a national pullback, and with mortgage rates in the high 5% range, where do we think the housing market is going? Tune in to learn about this and more!
- S&P 500 Price-to-earnings ratio adjusts down to 16
- Oil above $120
- Core inflation sitting at 6%
- Unemployment rate of 3.6%