Page 7 - Ben Ayers News Today

The New York Stock Exchange is trading slightly in the green on Thursday. The Dow Jones index advanced by 0.23%, the Nasdaq, dominated by technology, rose 0.40%. The S&P 500, with a gain of 0.38% to 4,514.87 points, had risen for the first time in nearly a month above 4,500 points. On Thursday, the Commerce Department published the statement of household spending and income for July which shows an increase in spending (+0.8%), stronger than expected.

Federal Reserve Chair Jerome Powell says getting inflation down is the Fed's top goal. But trimming the current 3% down one percentage point is tricky.

WASHINGTON -- Retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter

The US housing market took a hit in 2022 as the Federal Reserve’s relentless interest-rate rises made borrowing more expensive. But signs indicate a rejuvenation in market prices as the pace of rate hikes slows and reluctant sellers keep the supply of available properties relatively low, adding to the pressure for new-home construction.

With Mesa City Council on recess last week, the Council Chambers hummed a bit with action on some new development projects.

A U.S. recession is still possible, economists say. They’re just not entirely sure when. “I think that a gradual slowdown will still result in a recession,”…

A U.S. recession is still possible, economists say. They're just not entirely sure when.

Rising prices and a volatile market left many puzzled by their portfolios. Financial advisers preach prudence and see signs of stability ahead.

Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in over three decades and permits for future construction also climbed

Home Construction In USA: Still, even with the Fed skipping a rate hike this month for the first time since early 2022, credit conditions remain in the process of tightening, and that could make it challenging for builders heavily reliant on construction and development loans to keep pace with Mays rebound in the months ahead.