The Personal Consumption Expenditures – (PCE) which measures the cost of goods and services in the US, rose 0.1% in August putting the 12 month inflation rate to 2.2%.

Personal income remained steady with a slight increase of 0.2%, while spending also grew by 0.2%. However, caution prevails in the market, prompting manufacturers to lower their prices in an effort to attract a restrained consumer base.

We’ve observed ongoing improvements in interest rates, accompanied by a growing sense that the market is shifting. There’s been an uptick in activity, with more applications for purchases and refinancing, an increase in homes on the market, and a generally more optimistic outlook.