Consumption is the typically the last sector hit by an economic recession. In the U.S., consumption is holding up, but much of it is coming from credit-backed auto sales.
See Bloomberg for a discussion: The U.S. Economy Needs to Kick Its Car Habit
Wednesday: FOMC Announcement, ADP Employment, Construction Spending, Job
Openings, ISM Mfg, Vehicle Sales
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Banker...
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