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Existing home sales and prices pick up

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Existing home sales rise from a year ago for the first time since 2021. Tight inventories continue to boost price growth. Initial jobless claims decline to a seven-month low, as labor demand remains healthy. Philly Fed factory activity softens, but optimism surges. LEI declines more than expected. But NDR Economic Timing Model still points to continued expansion.

Ned Davis Research | Economics | Daily Economic Perspectives | Daily

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