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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Thursday, August 21, 2025

Existing Home Sales During JULY 2025

Existing Home Sales report for July 2025 was released by The National Association of REALTORS® (NAR®) this morning:

======================

Previous Month: 3,930,000

  • Actual: 4,010,000
======================

  •  Change from Previous Month: +2.04% (+80,000 homes)

  •  Year-on-Year (Y-o-Y)+0.75% (+30,000 homes)
======================

  • Inventory: 1,550,000 homes.
(4.6 months supply | +210,000 [+15.67%] homes Y-o-Y.)

======================

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $422,400

  • Price Change from A Year Ago: +0.24% (+$1,000)

------------------------------------------------------ 

==========

==========

From Today's Report:

"...'The ever-so-slight improvement in housing affordability is inching up home sales,' said NAR Chief Economist Lawrence Yun. 'Wage growth is now comfortably outpacing home price growth, and buyers have more choices. Condominium sales increased in the South region, where prices had been falling for the past year.'

'Near-zero growth in home prices suggests that roughly half the country is experiencing price reductions. Overall, homeowners are doing well financially. Only 2% of sales were foreclosures or short sales -- essentially a historic low. The market's health is supported by a cumulative 49% home price appreciation for a typical American homeowner from pre-COVID July 2019 to July this year,' Dr. Yun continued.

'Homebuyers are in the best position in more than five years to find the right home and negotiate for a better price. Current inventory is at its highest since May 2020, during the COVID lockdown.'
..."

==================

INFOGRAPHIC: Existing Home Sales JULY 2025 UPDATE (Copyright © 2025 REALTORS®)
INFOGRAPHIC: Existing Home Sales

JULY 2025 UPDATE

(Copyright © 2025 REALTORS®)
==================

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Friday, August 15, 2025

Consumer Sentiment: Preliminary Results for August 2025

The University of Michigan's Index of Consumer Sentiment (ICS) - Preliminary Results for August 2025 was released today:


Predicted: 60.0
  • Actual: 58.6
=========

  • Change from Previous Month: -5.02% (-3.1 points)

  • Change from 12 Months Previous: -13.7% (-9.3 points)

=========

  • Final ICS Reading for July 2025: 61.7

  • Final ICS Reading for August 2024: 67.9

=========

From Today's Report:

"...Consumer sentiment fell back about 5% in August, declining for the first time in four months. This deterioration largely stems from rising worries about inflation. Buying conditions for durables plunged 14%, its lowest reading in a year, on the basis of high prices. Current personal finances declined modestly amid growing concerns about purchasing power.

In contrast, expected
 personal finances inched up a touch along with a slight firming in income expectations, which remain subdued. Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April when reciprocal tariffs were announced and then paused.

However, consumers continue to expect both
 inflation and unemployment to deteriorate in the future.

Year-ahead inflation expectations rose from 4.5% last month to 4.9% this month. This increase was seen across multiple demographic groups and all three political affiliations. Long-run 
 inflation expectations also lifted from 3.4% in July to 3.9% in August.

This month ended two consecutive months of receding
 inflation for short-run expectations and three straight months for long-run expectations. Still, both readings remain well below the highs seen briefly in April and May 2025..."
=========
CHART: Unemployment and Inflation Expectations Worsen in August, Partially Offsetting Recent Improvements AUGUST 2025 UPDATE
CHART: Unemployment and Inflation Expectations Worsen
in August, Partially Offsetting Recent Improvements
AUGUST 2025 Preliminary UPDATE

 
=========

The ICS is derived from the following five survey questions:

  1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"

  2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"

  3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"

  4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"

  5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
=========


=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=========

========= 

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Tuesday, July 29, 2025

Consumer Confidence Index (CCI) for JULY 2025

Consumer Confidence Index® (CCI) for this month (July, 2025) was released by The Conference Board® this morning:

================

Predicted: 95.0
  • Actual: 97.2

================

Previous Month (revised): 95.2

  • Change from Previous Month: -2.10% (-2.0 points)
================

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From Today's Report:

"...'Consumer confidence has stabilized since May, rebounding from April’s plunge, but remains below last year’s heady levels,' said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'In July, pessimism about the future receded somewhat, leading to a slight improvement in overall confidence.

All three components of the Expectation Index improved, with consumers feeling less pessimistic about future business conditions and 
employment, and more optimistic about future income.

Meanwhile, consumers’ assessment of the present situation was little changed. They were a tad more positive about current business conditions in July than in June. However, their appraisal of current job availability weakened for the seventh consecutive month, reaching its lowest level since March 2021. Notably, 18.9% of consumers indicated that jobs were hard to get in July, up from 14.5% in January.'
..."
================

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

  • The baseline "100" score for the CCI is associated with 1985 survey data.


When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board® is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is usually released on the last Tuesday of the month.

================  

CHART: Consumer Confidence Index (CCI) JULY 2025 Update
CHART: Consumer Confidence Index (CCI)
JULY 2025 Update


========================================


=========================================

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Thursday, July 24, 2025

New Home Sales During JUNE 2025

The June, 2025 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Previous Month (revised): 623,000

  • Actual New Home Sales: 627,000

------------------------------------------------------

  • Change from 1 Month Previous: +4,000 units (+0.64%)

  • Change from 1 Year Previous: -44,000 units (-6.56%)


------------------------------------------------------

Median Price for a New Home
During 
June, 2025: $401,800

  • Change from 1 Year Previous: -$12,200 (-2.95%)

 ***************************

Average Price for a New Home
During 
June, 2025: $501,000

  • Change from 1 Year Previous: +$5,500 (+1.11%)


------------------------------------------------------
Inventory: 511,000 (+40,000 units / +8.49% Year-on-Year)

  • 9.8 months supply at current sales rate; seasonally‐adjusted estimate.

------------------------------------------------------

================================

CHART: Cost of A Newly Built Home - JUNE 2025 Update
CHART: Cost of A Newly Built Home
JUNE 2025 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.


The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.

================================

================================

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Wednesday, July 23, 2025

Existing Home Sales During JUNE 2025

 Existing Home Sales report for June 2025 was released by The National Association of REALTORS® (NAR®) this morning:

======================

Previous Month: 4,040,000

  • Actual: 3,930,000
======================

  •  Change from Previous Month: -2.72% (-110,000 homes)

  •  Change from A Year Ago (Y-o-Y): FLAT (No Change)
======================

  • Inventory: 1,530,000 homes.
(4.7 months supply | +210,000 [+15.9%] homes Y-o-Y.)

======================

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $435,300 (New Record-High)

  • Price Change from A Year Ago: +1.97% (+$8,400)

------------------------------------------------------ 

==========

==========

From Today's Report:

"...'The record high median home price highlights how American homeowners' wealth continues to grow -- a benefit of homeownership. The average homeowner's wealth has expanded by $140,900 over the past five years,' said NAR Chief Economist Lawrence Yun.

'Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. This is holding back first-time home buyers from entering the market. More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.'

'High
mortgage rates are causing home sales to remain stuck at cyclical lows. If the average mortgage rates were to decline to 6%, our scenario analysis suggests an additional 160,000 renters becoming first-time homeowners and elevated sales activity from existing homeowners,' Dr. Yun continued.

'Expanding participation in
the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales to increase across the country due to strong income growth, healthy inventory, and a record-high number of jobs.'..."

==================

INFOGRAPHIC: Existing Home Sales JUNE 2025 UPDATE (Copyright © 2025 REALTORS®)
INFOGRAPHIC: Existing Home Sales

JUNE 2025 UPDATE

(Copyright © 2025 REALTORS®)
==================

==================

==================

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Saturday, June 28, 2025

Consumer Sentiment: FINAL Results for June 2025

The University of Michigan's Index of Consumer Sentiment (ICS) - FINAL Results for June 2025 was released today:

Predicted: 60.5
  • Actual: 60.7
=========

  • Change from Previous Month: +16.28% (+8.5 points)

  • Change from 12 Months Previous: -11.00% (-7.5 points)

=========

  • Final ICS Reading for May 2025: 52.2

  • Final ICS Reading for June 2024: 68.2

=========

From Today's Report:

"...Consumer sentiment surged 16% from May in its first increase in six months -- confirming the mid-month reading -- but remains well below the post-election bounce seen in December 2024.

The improvement was broad-based across numerous facets of the economy, with expectations for personal finances and business conditions climbing about 20% or more.

Despite June’s gains, however, sentiment remains about 18% below December 2024, right after the election; consumer views are still broadly consistent with an economic slowdown and an increase in 
inflation to come.

Consumers continue to be concerned about the potential impact of 
tariffs, but at this time they do not appear to be connecting developments in the Middle East with the economy.

Year-ahead 
inflation expectations plummeted from 6.6% last month to 5.0% this month. Long-run inflation expectations receded for the second straight month, falling back from 4.2% in May to 4.0% in June. Both readings are the lowest in three to four months. Consumers’ fears about the potential impact of tariffs on future inflation softened somewhat in June.

Still, 
inflation expectations remain above readings seen throughout the second half of 2024, reflecting widespread beliefs that risks to inflation have not fully abated..."
=========
CHART: Sentiment Lifts for the First Time in Six Months; Remains Well Below December 2024 - JUNE 2025 UPDATE
CHART: Sentiment Lifts for the First Time in Six Months;
Remains Well Below December 2024
JUNE 2025 UPDATE

 
=========

The ICS is derived from the following five survey questions:

  1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"

  2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"

  3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"

  4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"

  5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
=========


=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=========

========= 

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Wednesday, June 25, 2025

New Home Sales During MAY 2025

The May, 2025 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Previous Month (revised): 722,000

  • Actual New Home Sales: 623,000

------------------------------------------------------

  • Change from 1 Month Previous: -99,000 units (-13.71%)

  • Change from 1 Year Previous: -42,000 units (-6.32%)


------------------------------------------------------

Median Price for a New Home
During May,
2025: $426,600

  • Change from 1 Year Previous: +$12,300 (+2.97%)

 ***************************

Average Price for a New Home
During
May, 2025: $522,200

  • Change from 1 Year Previous: +$22,900 (+4.59%)


------------------------------------------------------
Inventory: 507,000 (+38,000 units / +8.10% Year-on-Year)

  • 9.8 months supply at current sales rate; seasonally‐adjusted estimate.

------------------------------------------------------

================================

CHART: Cost of A Newly Built Home - MAY 2025 Update
CHART: Cost of A Newly Built Home
MAY 2025 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.


The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.

================================

================================

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Tuesday, June 24, 2025

Consumer Confidence Index (CCI) for JUNE 2025

Consumer Confidence Index® (CCI) for this month (June, 2025) was released by The Conference Board® this morning:

================

Predicted: 95.0
  • Actual: 93.0

================

Previous Month (revised): 98.4

  • Change from Previous Month: -5.49% (-5.4 points)
================

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From Today's Report:

"...'Consumer confidence weakened in June, erasing almost half of May’s sharp gains,' said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'The decline was broad-based across components, with consumers’ assessments of the present situation and their expectations for the future both contributing to the deterioration. Consumers were less positive about current business conditions than May. 

Their appraisal of current job availability weakened for the sixth consecutive month but remained in positive territory, in line with the still-solid labor market. The three components of the Expectations Index -- business conditions, employment prospects, and future income -- all weakened. Consumers were more pessimistic about business conditions and job availability over the next six months, and optimism about future income prospects eroded slightly.'..."
================

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

  • The baseline "100" score for the CCI is associated with 1985 survey data.


When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board® is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is usually released on the last Tuesday of the month.

================  

CHART: Consumer Confidence Index (CCI) JUNE 2025 Update

CHART: Consumer Confidence Index (CCI)
JUNE 2025 Update


========================================


=========================================

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Monday, June 23, 2025

Existing Home Sales During MAY 2025

Existing Home Sales report for May 2025 was released by The National Association of REALTORS® (NAR®) this morning:

======================

Previous Month: 4,000,000

  • Actual: 4,030,000
======================

  •  Change from Previous Month: +0.75% (+30,000 homes)

  •  Change from A Year Ago: -0.74% (-30,000 homes)
======================

  • Inventory: 1,540,000 homes.
(4.6 months supply | +260,000 [+20.31%] homes year-on-year.)

======================

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $422,800

  • Price Change from A Year Ago: +1.34% (+$5,600)

------------------------------------------------------ 

==========

==========

From Today's Report:

"...'The relatively subdued sales are largely due to persistently high mortgage rates. Lower interest rates will attract more buyers and sellers to the housing market,' said NAR Chief Economist Lawrence Yun. 'Increasing participation in the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales across the country to increase due to strong income growth, healthy inventory, and a record-high number of jobs.'

Mortgage Rates: 6.81%: Average 30-year fixed-rate mortgage as of June 18 according to Freddie Mac, down from 6.84% one week before and 6.87% one year ago.
.."

==================

INFOGRAPHIC: Existing Home Sales MAY 2025 UPDATE (Copyright © 2025 REALTORS®)
INFOGRAPHIC: Existing Home Sales

MAY 2025 UPDATE

(Copyright © 2025 REALTORS®)
==================

  
 ==================

==================

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Saturday, June 14, 2025

Consumer Sentiment: Preliminary Results for June 2025

The University of Michigan's Index of Consumer Sentiment (ICS) - Preliminary Results for June 2025 was released today:

Predicted: 53.0
  • Actual: 60.5
=========

  • Change from Previous Month: +15.90% (+8.3 points)

  • Change from 12 Months Previous: -11.29% (-7.7 points)

=========

  • Final ICS Reading for May 2025: 52.2

  • Final ICS Reading for June 2024: 68.2

=========

From Today's Report:

"...Consumer sentiment improved for the first time in six months, climbing 16% from last month but remaining about 20% below December 2024, when sentiment had exhibited a post-election bump. These trends were unanimous across the distributions of age, income, wealth, political party, and geographic region.

Moreover, all five index components rose, with a particularly steep increase for short and long-run expected business conditions, consistent with a perceived easing of pressures from tariffs.

Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed.

However, consumers still perceive wide-ranging downside risks to the economy. Their views of business conditions, personal finances, buying conditions for big ticket items, labor markets, and stock markets all remain well below six months ago in December 2024. Despite this month’s notable improvement, consumers remain guarded and concerned about the trajectory of the economy.

Year-ahead inflation expectations plunged from 6.6% last month to 5.1% this month. Long-run inflation expectations fell for the second straight month, stepping down from 4.2% in May to 4.1% in June. Both readings are the lowest in three months.

Consumers’ fears about the potential impact of tariffs on future
inflation  have softened somewhat in June. Still, inflation expectations remain above readings seen throughout the second half of 2024, reflecting widespread beliefs that trade policy may still contribute to an increase in inflation in the year ahead..."
=========
CHART: Sentiment Lifts for the First Time Since December 2024  Amid Softening Tariff Worries; Consumers Remain Guarded. JUNE 2025 UPDATE
CHART: Sentiment Lifts for the First Time Since December 2024 
Amid Softening Tariff Worries; Consumers Remain Guarded.
JUNE 2025 UPDATE

 
=========

The ICS is derived from the following five survey questions:

  1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"

  2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"

  3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"

  4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"

  5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
=========


=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=========

========= 

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Tuesday, May 27, 2025

Consumer Confidence Index (CCI) for May 2025

Consumer Confidence Index® (CCI) for this month (May, 2025) was released by The Conference Board® this morning:

================

Predicted: 88.0
  • Actual: 98.0

================

Previous Month (revised): 85.7

  • Change from Previous Month: 14.35% (+12.3 points)
================

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From Today's Report:

"...'Consumer confidence improved in May after five consecutive months of decline,' said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index -- business conditions, employment prospects, and future income -- rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects. Consumers’ assessments of the present situation also improved. However, while consumers were more positive about current business conditions than last month, their appraisal of current job availability weakened for the fifth consecutive month.'

Guichard added: 'With the stock market continuing to recover in May, consumers’ outlook on stock prices improved, with 44% expecting stock prices to increase over the next 12 months (up from 37.6% in April) and 37.7% expecting stock prices to decline (down from 47.2% in April). This was one of the survey questions with the strongest improvement after the May 12 trade deal.'..."
================

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

  • The baseline "100" score for the CCI is associated with 1985 survey data.


When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board® is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is usually released on the last Tuesday of the month.

================  

CHART: Consumer Confidence Index (CCI) MAY 2025 Update
CHART: Consumer Confidence Index (CCI)
MAY 2025 Update


========================================


=========================================

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Saturday, May 24, 2025

A "For Food" Payment Request Scam Attempt on Cash.APP®

www.FedPrimeRate.com: A "For Food" Payment Request Scam Attempt on Cash.APP®
www.FedPrimeRate.com: "For Food"
Payment Request Scam
Attempt on Cash.APP®

Here's a first: Someone trying to scam me via Cash APP®.

$25.00 for food, for someone with the name Chivo Valluco. Fake name?  Sounds pretty darn fake to me! 😏

It was just a matter of time, since my business Cash App ID ($cashtag) is visible on the Internet, for all to see.

Blocking the scammer was a quick and easy.

www.FedPrimeRate.com: A "For Food" Payment Request Scam Attempt on Cash.APP®

Some of these Cash.APP scams are very crafty and sophisticated.  Here's a clip from a Forbes® article:

"...Sometimes, they even send money to the Cash App user and then say it was an accident. Then they ask for a refund, but the money was initially sent from a hacked or stolen account. The user sends back the money, but now they're left with the headache of dealing with the original fraud...."
Yikes! #Beware! 😓

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