🧭 The Weekly Scoop

Hey Insider - hope you’re enjoying these warm fall weekends. Let’s settle this:

Also, make sure to update your Scoops app!! New updates are here, and things are getting exciting.

Here’s what you need to know this week:

This week, the economy showed more mixed signals that aggregate into a general narrative that things are pretty steady. There are a few key things worth noting. The cost of living is trending in the right direction. Following in line with last week’s inflation report, companies have noted much smaller price increases, even some discounting, in their third-quarter financial updates. With wages picking up, there should be less pain at the checkout line over the holidays.

On the flip side, high interest rates are making debt more expensive for everyone, and the government’s ballooning interest payments are something we’ll all be paying for sooner or later. America has been running up its credit card bill for years, but now people are really starting to worry about high interest rates compounding the debt even faster.

The housing market is still tough—mortgage rates might have dipped briefly, but affordability is a real issue, especially for first-time buyers. New home sales surged in September as mortgage costs came down, but overall, it’s a slow grind with prices staying high.

Companies aren’t turning to layoffs yet, but job hunting is getting trickier. People are staying on unemployment longer, and it’s a reminder that things are still fragile under the surface.

All in all, there’s a lot of cautious optimism.

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