US Housing Market Setback, Fed Decision Looms, Nvidia Shares Drop
Bloomberg PodcastsSeptember 17, 20251 min275 views
3 connections·6 entities in this video→US Housing Market Slowdown
- 🏠 New home construction saw an eight and a half percent decrease in August, reaching its lowest point since May.
- ⚠️ This decline is attributed to builders having a backlog of unsold homes due to high home prices and interest rates.
- 📉 Starts for more expensive single-family homes are at their lowest in over a year.
Mortgage Rates and Federal Reserve
- 📈 Despite the slowdown, mortgage rates have fallen to a nearly one-year low, averaging 6.39%.
- 📊 Investors are eagerly awaiting the Federal Reserve's decision on potential interest rate cuts.
Stock Market Performance and Nvidia
- 📈 The Dow Jones Industrial Average is up significantly, while the Nasdaq and S&P 500 are slightly down.
- 📉 Nvidia shares experienced a decline following an order from the Chinese government restricting the purchase of previously ordered Nvidia chips.
- 🗣️ This situation is seen as a negative development for US-China trade talks.
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What’s Discussed
US Housing MarketNew Home ConstructionInterest RatesMortgage RatesFederal ReserveInterest Rate CutsStock MarketDow JonesNasdaqS&P 500NvidiaChinese GovernmentUS-China Trade Talks
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