WASHINGTON (Reuters)-U. S.
Consumer confidence remained stable in July
Home sales reached their highest level in nearly eight years
1/2 in June shows that the US economy has maintained a sustained growth momentum, and the Fed may raise interest rates this year.
Other data on Tuesday showed that Mei's house prices rose modestly, which will support consumer spending and keep home purchases affordable, especially in the first phase --
Time buyers starting to get into the real estate market.
The reports added a series of data, from retail sales to manufacturing and services surveys, depicting a bright future for the economy, while the Fed started twice.
Policy meeting. The U. S.
Is expected on Wednesday central bank will not raise interest rates.
"The upbeat tone of these reports will provide further encouragement to the Fed," said Milan Mullin, deputy chief economist at TD Securities in New York.
"While we don't expect any change in the Fed's current wait --and-
See the pattern, the resilience of family emotions will support their confidence that they will eventually re-place the rate hike on the table.
The meeting Committee said the consumer index was 97.
After reading this month, 97. 4 in June.
Economists had expected the index to fall to 95. 9 in July.
The data remained largely unchanged after the UK voted last month to withdraw from the eu, disrupting global financial markets and causing other consumer confidence indexes to fall.
This is the investigation.
The so-called labor market differences in the employment report, which are closely related to unemployment, improved this month after a decline in June.
"This report should be seen as a lens for observing the labor market, and with the increase in the number of jobless claims in early July, it continues to show a solid improvement in the employment situation, john Ryding, chief economist at RDQ Economics in New York, said.
The recent rise in Wall Street's property market has strengthened the U. S. property market. S.
The labor market and lower gasoline prices support consumer confidence and help support economic activity.
According to a Reuters survey of economists, the government is expected to announce a growth rate of 2 on Friday.
The annual rate for the second quarter was 6%, from 1.
1% speed login January-March period. U. S.
Tuesday's data had little impact on financial markets, and Wall Street stocks fell as earnings reports from several companies, including McDonald's, were weak (MCD. N)
Hurt investor sentiment. Prices for U. S.
Treasury bonds and the dollar fell.
DXY weakened slightly against a basket of currencies.
In another report, the Commerce Department said new home sales had increased by three.
The annual rate of seasonal adjustment of 5% to menstruation was 592,000, the highest level since February 2008.
Economists had predicted that sales of new homes accounted for about 9.
6% of the housing market rose to 560,000 units last month.
Sales rose by 25.
4% a year ago
Last month's growth made new home sales in the second quarter far higher than the average in the first three months of this year.
A report last week showed that the housing market is accelerating and the resale price of houses is approaching £ 9. 1/2-
A year high in June.
At the same time, single-
Family housing began to grow steadily in June.
New home sales may benefit from a continuing shortage of previously owned homes available for sale. New single-
Home sales increased by 10.
4% in the central and western regions, soared 10.
In the West, housing prices rose sharply by 9% due to tight inventory.
But sales fell.
Northeast 6%, down 0.
The densely populated South has 3% people.
A third report on Tuesday showed that the S & P corellogic case
The Shiller composite index in the 20 metropolitan areas rose by 5.
2% a year-over-year basis. Prices rose 5.
% April 4.
Kristin Reynolds a U said: "As fundamentals remain supportive, we expect a moderate price appreciation to increase homeowners' equity and encourage inventory expansion to help improve the continued balance in the housing market . "S.
Economist at IHS Global Insight in Lexington, Massachusetts.