Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
W S
Lending / The Ticker

GDP remains unchanged

frozen money
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, the U.S. government left its estimate for economic growth in the second quarter unchanged, while prices for goods and services purchased by U.S. households fell for the first time in four years.

The Commerce Department said on Thursday gross domestic product expanded at a 2.5 percent annual rate in the April-June period.

Also in the report, the department said its price index for consumer purchases, which is the Federal Reserve's preferred gauge of inflation, fell at a 0.1 percent rate.

That is a worrisome sign for the national economy because it suggests businesses have little leverage to raise prices.

Source: Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus