Latest / Markets with Megan: A Quick Financial Markets Update
Economic Update: Signs of Weakening in Labor, Manufacturing, and Housing Markets | Episode 074 |11-16-23
Unfortunately, the news points to further weakness in the economy, with surprising jumps in initial jobless claims and a concerning rise in continuing claims. The manufacturing sector is also facing challenges, particularly in industrial production and capacity utilization, hinting at broader economic struggles. Megan delves into the impact of the auto strike and its effects on various industries, from furniture to plastics.
In a completely different area, the housing market takes a hit as the NAHB housing market index for November drops significantly. High mortgage rates, low inventory, and…
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