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Consumers increasingly seeking cheaper alternatives, bargains or avoiding items they deem too expensive

home sale

It's the lowest level in more than a year

housing costs

The rate dropped to its lowest level since early February

Federal Reserve building

If inflation continues to go down, a rate cut could be on the table in September: Powell

wood cut-outs

Layoffs dropped to 1.5 million, the lowest since November 2022

Hands counts money on American flag background

Elevated prices for food, groceries are main driver of consumers’ view of U.S. economy

global markets

Germany, the leading European economy, remained in the dumps in the April-June quarter

100-dollar-bill

Rate cuts typically lower borrowing costs for mortgages, auto loans and credit cards

Kensington Brooklyn Houses with American Flags stock photo

The country's GDP picked up between April and June: report

Fighting for empty office chair

Continuing claims have been on the rise in recent months