US household wealth rises in Q2 to record $163.8 trn on real estate gains

Quick Summary:

Policymakers are making the move as inflation has cooled and in hopes of preventing a slowing labor market from worsening, dragging the broad economy down with it.

The snapshot of households' financial wellbeing comes less than a week before the Federal Reserve is widely expected to reduce borrowing costs for the first time since the pandemic recession.

US household wealth rises in Q2 to record $163.

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Article Details

Category: BusinessFinance

Markets: IndiaPakistan

Topics: USA US labor department US economy United states of America Household wealth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 23:40:23 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22475686

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