The University of Michigan's consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June at 50, according to survey data released Friday

We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components.

The holiday shopping season is expected to continue to show strong nominal spending by consumers.

Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions.

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.

While inflation data came out slightly better than expected, the key wage inflation metric-the employment cost index-remained elevated.

We expect the Federal Reserve to increase its policy rate by 75 basis points to a range of 3.75%-4% when it publishes its policy decision on Nov. 2.

The steep rise in mortgage rates has been the number one reason for the fall in demand.

New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market.

American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month.

Both top-line and core inflation remain hot, sticky and elevated, which implies another rate increase of 75 basis points at the Fed's November meeting.

Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates.

Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.

The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.

Industrial production fell by 0.2% in August, the first decline in three months, amid a slowdown in manufacturing and a sharp drop in electricity production.