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Hey everyone, it's Larry Bailey. This is for the Week of July 22, 2024 in Review

The Fed’s preferred inflation measure, annual Core PCE, remained at a three-year low while home sales were subdued in June. Plus, economic growth in the second quarter surprised to the upside. Here are last week’s headlines:

• Inflation Readings Keep Fed on Track for September Rate Cut
• Existing Home Sales Decline, Inventory Ticks Higher
• New Home Sales Hit 7-Month Low
• Second Quarter GDP Stronger Than Forecasted
• Jobless Claims Improve but Remain Elevated

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