July Employment Preview

Hotels: Occupancy Rate Decreased 0.7% Year-over-year; Weak Summer Continues

Freddie Mac House Price Index Declined in June; Punta Gorda, Florida has passed Austin as the worst performing city

PCE Measure of Shelter Unchanged at 4.1% YoY in June

Personal Income Increased 0.3% in June; Spending Increased 0.3%

Weekly Initial Unemployment Claims Increase to 218,000

Thursday: Unemployment Claims, Personal Income and Outlays

Las Vegas in June: Visitor Traffic Down 11.3% YoY; Convention Traffic Down 10.7% YoY

FOMC Statement: No Change to Fed Funds Rate

Inflation Adjusted House Prices 2.0% Below 2022 Peak; Price-to-rent index is 9.3% below 2022 peak