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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
WednesdayGallup: Twenty percent of U.S. workers say they are making less money than they did five years ago, down from 28% in 2013. Also, 23% say their job does not take full advantage of their skills and training.
BB: Sales of previously owned homes dropped more than forecast in July by 3.2%, from a nine-year high, restrained by limited choices for buyers.
TuesdayBB: Purchases of new U.S. homes unexpectedly jumped in July to the highest level in almost nine years by 12.4%, led by soaring demand in the nation’s south and adding to signs of persistent housing-market strength.
Gallup: Americans' confidence in the economy was unchanged last week, with the Gallup U.S. Economic Confidence Index holding at -12. This score continues to reflect the improvement first observed after the Democratic convention.
R: Federal Reserve Chair Janet Yellen may struggle later this week to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar.
MondayNo economic news
Economic Reports for the Week ending Friday August 26, 2016
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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