Michele Schneider, partner and director of trading research & education for MarketGauge.com, joined Cheddar News to discuss the market after stocks closed lower again as banking concerns continue.
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Congressional Budget Office Projects Lower Inflation and Higher Unemployment Into 2025
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Stocks fell after the opening bell Friday but will end on another positive week.
Securitize: The Private Credit Boom Is Here
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Retail Sales Rise 0.3% in November as Americans Hit Gas, Not Brakes on Shopping, Travel, Restaurants
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
Average Long-Term U.S. Mortgage Rate Dips Below 7% to Lowest Level Since Early August
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage Rates Fall Below 7% for First Time Since August
Mortgage rates have dropped below 7% for the first time since the middle of August.
