The Federal Reserve’s recent interest rate cuts have reduced mortgage rates, potentially increasing homebuyers’ purchasing power, but the U.S. housing market remains strained due to a housing shortage and rising expenses. Gold prices hit an all-time high due to economic uncertainties and strong demand. The U.S. economy grew by 3% in Q2, and a decline in oil prices is expected as Saudi Arabia unwinds production cuts. U.S. unemployment claims fell, indicating labor market strength.
