4410 Outlook

October 19, 2018 Economic Outlook

Oct 26, 2018  | Ep4410

Americans may be holding off on the purchase of a new place to live but they have yet to curb their online order habit. --

The sales of new homes plunged 5.5 percent last month, as prices and mortgage rates continued to drag the index lower.

Orders for durable goods moved 0.8 percent higher – a sharp slowdown from August’s jump of 4.6 percent.

Orders moved just 0.1 percent higher without the 17 percent drop in aircraft sales.

U.S. Gross Domestic Product grew at an annualized rate of 3.5 percent in the third quarter. Some economists are projecting 4th quarter numbers will show the best growth in 13 years.

Even with the positive report, Wall Street continues to retrace its gains causing many to wonder if a slowdown is next.

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