Home sellers will have to confess to having bad phone signal and say if their neighbours are planning an extension as part of new rules to stop property deals falling through.
A one-day extension was announced early Thursday, but officials warn of an uphill battle to arrange an additional pause.
Economic news was mildly positive on Thursday morning as personal consumption expenditures landed a bit softer than anticipated, but the Chicago Purchasing Managers' Index number was substantially higher than expected. Interest rates rose as the odds that the Fed will cut early in 2024 declined a little. Momentum has carried it a long way, and we haven't gotten anything fundamental to derail it so far, but the inability to do more on positive news is a sign that some basing action is likely to occur.