Consumer sentiment dips going into holidays (Reuters)
Reuters - U.S. consumer sentiment slipped in December but was not far from the year's highs, a report said on Friday, suggesting Americans were guardedly optimistic about the economy in the holiday season.
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Existing home sales fall 2.6 percent (Reuters)
2008.07.2411 minutes ago
WASHINGTON (Reuters) - The pace of existing home sales in the United States fell in June to a 4.86 million-unit annual rate, the National Association of Realtors said in a report on Thursday that saw the sales volume hit a 10-year low.
Economists polled by Reuters were expecting home resales to fall to a 4.93 million-unit pace, from the 4.99 million rate initially reported for May. The June rate was the lowest since a 4.83 million rate in early 1998, the Realtors said.
The inventory of homes for sale held steady at 4.49 million homes or an 11.1 months' supply at the current sales pace. The median national home price declined 6.1 percent from a year ago to $215,100.
(Reporting by Patrick Rucker; Editing by James Dalgleish)
Regions : Americas
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Reuters - U.S. consumer confidence ebbed in December, while a key measure of inflation held steady in November for first time in four years, boosting the chances of Federal Reserve interest rate cuts in 2007.
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