Private sector job losses in September take on added importance with the official government report delayed by the shutdown. In housing, contract signings rose in August as lower rates sparked demand.

The Fed’s go-to inflation gauge came in as expected, jobless claims highlight ongoing hurdles for workers, and home sales are beginning to reflect the recent dip in mortgage rates.

The Fed made its first rate cut of the year amid rising concerns about the job market. Meanwhile, homebuilders remain cautiously optimistic about the future, even as new construction activity slowed.

There’s growing evidence that the job market is cooling, while inflation holds near expectations and home price forecasts remain optimistic.

Jobs week revealed more signs of a cooling labor market, strengthening the case for a Fed rate cut at its upcoming meeting on September 17.

The latest inflation data leaves the door open for a rate cut at the Fed’s upcoming meeting. Meanwhile, signed contracts for new and existing homes dipped slightly from June to July. Home prices are still up compared to last year, though growth is slowing.

Fed Chair Jerome Powell signaled that a rate cut could be on the horizon. In housing news, both existing home sales and housing starts exceeded expectations, though builder sentiment remains low amid ongoing market uncertainty.

Consumer and wholesale inflation rose, retail sales showed strength, and unemployment claims remain little changed.

Annual home prices continue to move higher, while unemployment claims show a concerning trend – two important updates in an otherwise quiet week.

From the Fed’s latest meeting to new data on inflation, jobs, the economy and home prices, last week was full of important updates.

Existing home sales dropped more than expected in June, while new home sales rose slightly but stayed below forecasts. Meanwhile, unemployment claims highlight ongoing challenges in the job market.

Tariffs had less impact on inflation than expected, home builder confidence stayed low, and single-family construction slowed despite a bump in overall activity.

The Fed’s June meeting minutes revealed differing opinions on the future path for rate cuts. Additionally, the latest data on home prices and unemployment claims offer crucial clues about the housing and job markets.