MarketMinute | A better week for rates and apps
The DJIA stretched its winning streak to 6 straight sessions this week, closing above 39K points for the first time in 5 weeks. This year, consumers will borrow an estimated $334 billion through "buy now, pay later" loans, which often are not reported to credit agencies. The May jobs report showed 175K new jobs in April, a 6-month low. Labor market declines open the door for the Fed to cut rates sooner in 2024. According to the New York Fed, renters put the probability of ever owning a...
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