Business confidence remains strong based on the latest survey data from the National Federation of Independent Business. The percentage of small business owners indicating it is a good time to expand dipped slightly from May to June but remains above the peaks of the past three decades. Strong data from the Institute for Supply Management tells the same story, even though all Federal Reserve (Fed) districts cited concerns about the continued tightening of the labor market, inflationary pressures, and tariffs in the Fed's Beige Book. (LPL)
The Dream on Hold, a study by RENTCafe reports that families are “being squeezed into rental properties.” Data shows that homeownership by families decreased by nearly 3.6 million over the last decade, while the number of families living in rentals increased by 1.9 million.
More than 12.8 million Americans are currently working in the US manufacturing industry. The last time that many Americans were working in manufacturing was back in December 2008. (Breitbart)
RLK and Company, which owns Timberline Lodge has purchased Summit Ski Area which sits just off U.S. 26 in Government Camp. Neither party disclosed the purchase price. (OregonLive)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.