Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Fed Report: Economic Activity Expanded in June and July

Details

  • Description

    FBN's Shibani Joshi breaks down late-afternoon market news.

  • Duration 0:53
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- if you would -- -- -- treat their rally on Wall Street continues.

Reserves report.

On the US economy the central banks and it's economic activity expanded.

At a modest to moderate pace in June and early July.

And housing starts rose nearly 7% in June to an annual rate of 760000.

-- highest levels since October 2008.

But on the flip side building permits which -- a sign of future activity -- More than three and a half percent and -- And a number of mortgage applications filed last week jumped 17%.

To is mortgage rates fell to.

Low rates have.

Many homeowners to refinance -- tougher lending standards so keep many prospective buyers from getting lessons and that's latest from Fox Business giving you the power.

Load More