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US Pending Home Sales Stall as Labor Market Concerns Build
Pending sales of existing US homes stalled in September, suggesting anxiety about the job market kept potential buyers sidelined despite a welcome easing in mortgage rates. An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday. Economists expected a 1.2% increase, based on the median estimate in a Bloomberg survey. “A record-high stock market and growing housing wealth in September were not enough to offset a likely softening job market,” NAR Chief Economist Lawrence Yun said ... (full story)
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From cnbc.com|Oct 29, 2025|7 commentsThe Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is ...
From @Top_Bloomberg|Oct 29, 2025|6 comments*POWELL: DON'T SEE SIGNIFICANT DETERIORATION ANYWHERE IN ECONOMY FED’S POWELL: OVERALL ECONOMIC OUTLOOK REMAINS POSITIVE; NOTES IT’S CHALLENGING FOR A CENTRAL BANK WHEN POLICY GOALS ARE IN TENSION FED’S POWELL: BELIEVES THE FED HAS TAKEN THE RIGHT STEPS SO FAR; WARNS IT WOULD BE INAPPROPRIATE TO DISMISS THE INFLATION CHALLENGE *POWELL: FED IS WATCHING CREDIT CONDITIONS VERY CAREFULLY *POWELL: DON'T SEE A BROADER CREDIT ISSUE AT THIS POINT *Fed's Powell Acknowledges Rising Defaults in Subprime Credit
From @financialjuice|Oct 29, 2025|3 commentsFed's Powell: Seeing some softening, the economy is growing about 1.6% this year, slower than last year. FED’S POWELL: SOME MAY ARGUE CONDITIONS HAVEN’T CHANGED, THOUGH IT’S UNCLEAR IF THAT WILL BE THE CASE; HOPES FOR A BETTER FLOW OF ECONOMIC DATA BY THE DECEMBER MEETING Fed's Powell: If not getting info, and the economy looks unchanged, there will be an argument to slow down on cuts. Fed's Powell: We do not see weakness in the job market accelerating, then again, we didn't get the September payroll report. FED’S POWELL: A STRONGER LABOR MARKET AND STABLE PRICES ARE THE BEST COMBINATION THE FED CAN DELIVER FOR THE AMERICAN PEOPLE
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From visualcapitalist.com|Oct 29, 2025The global rare earths industry has transformed over the last three decades. In the 1990s, the U.S. was still a major producer, anchored by the Mountain Pass mine in California. ...
From @realDonaldTrump|Oct 29, 2025|19 comments
South Korea has agreed to pay the USA 350 Billion Dollars for a lowering of the Tariff’s charged against them by the United States. Additionally, they have agreed to buy our Oil and Gas in vast quantities, and investments into our Country by wealthy South Korean Companies and Businessmen will exceed 600 Billion Dollars. Our Military Alliance is stronger than ever before and, based on that, I have given them approval to build a Nuclear Powered Submarine, rather than the old fashioned, and far less nimble, diesel powered Submarines that they have now. A great trip, with a great President of South Korea!
From vtmarkets.com|Oct 29, 2025Central bank purchasing of gold has notably slowed, despite rising gold prices boosting the percentage of reserves held in gold. The focus on dedollarisation persists in market ...
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- Oct 29, 2025 3:23pm Posted byFundamental Analysis3,831
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