This week on “Inside the Economy”, we discuss consumer debt & real estate. Consumer debt continues to rise alongside a decline in the personal saving rate to pre-pandemic levels. Home prices have started to come down as mortgage rates rise above 5%, but what does this mean for new home buyers and the economy moving forward? Tune in to learn about this and more!
Key Takeaways:
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- S&P 500 estimated earnings remain strong
- Unemployment numbers shift lower
- Oil back down to $90
- Major indices trend up in July
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