Sharkey, Howes & Javer

This week on Inside the Economy, we discuss employment growth, the housing market, and the latest inflation data. Year-over-year job growth has dipped below 1%. Could this be a sign of a weakening labor market or a return to pre-pandemic norms? In housing, new home sales reveal a growing gap between inventory and buyer demand, raising questions about whether potential rate cuts could provide relief or if the market is simply adjusting after years of high prices. Meanwhile, inflation has ticked up slightly, but GDP remains relatively strong in the 3% range. Is the U.S. consumer starting to feel the pressure? Tune in to learn more.   Key Takeaways: PCE Core Inflation at 2.9% (YOY) S. GDP growth rate at 3.3% in Q2 10-year bond yield at 4.22%