Existing home sales saw a slight increase in July, driven by marginally lower mortgage rates and a rise in available properties. The market experienced a 0.8% year-over-year sales increase, exceeding expectations, while home price growth slowed. Inventory levels reached a five-year high, offering buyers more negotiating power despite properties taking longer to sell. Post navigation Boeing in talks with China, reports say 500-plane sale possible, outcome linked to US-China trade deal US central bank under scrutiny as Donald Trump criticizes Powell; Jackson Hole braces for high-stakes speech, why Fed independence matters
