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Consumer Sentiment Rose in July, per Michigan Survey
The University of Michigan’s consumer sentiment index rose to 55.2 from 49.5 in June as gasoline prices cooled.
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Mortgage rates jumped to their highest level in a year, dealing another blow to a long-stalled housing market that shows little sign of recovering
Four straight weeks of rising mortgage rates pushed the 30-year borrowing rate this week to 6.66%.
Dow Jones
Irish Economy Returns to Growth, Boosting Eurozone Hopes
Ireland’s GDP was 3.9% higher than in the first quarter of the year, recovering some ground after its economy contracted.
Dow Jones
Week Ahead for FX, Bonds: Fed Decision Awaited; Middle East Events Eyed
A decision by the U.S. Federal Reserve will mark the focus of the coming week, where interest rates are expected to be left on hold but investors will watch for signals on when rates could rise given the recent surge in energy prices.
Dow Jones
Global Economy Picked Up Before Fresh Energy Hit
Business activity in the U.S., Europe and parts of Asia picked up in July, indicating that the global economy was growing at a modest pace before the fresh surge in energy prices.
Dow Jones
Eurozone Businesses See Wages Cooling Despite Inflation Pickup, Says ECB
The survey results suggest that inflationary pressures haven’t broadened significantly beyond the immediate impact of higher energy prices.
Dow Jones
Mortgage rates rose to their highest level in almost a year, as rising tensions in the Middle East spurred fears of higher inflation
Rising oil prices helped push the 30-year fixed rate to 6.58%.
Dow Jones
Date night in America now costs an average $189. Young romance is turning to the $7 coffee date.
New York City is an expensive place for dating, but young couples are finding ways to meet up without breaking the budget.
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