Sales of existing homes fell in October after a September surge, as rising home prices and a lack of inventory challenged potential buyers.
US consumers have grown increasingly cautious ahead of the holiday shopping season. Americans last month socked away much of their income from rising wages, pushing the personal savings rate to its highest level for nearly 3 years.
Net U.S. farm income will drop 38% this year to $55.9 billion, the lowest level in more than a decade, reflecting depressed crop prices and softening dairy and hog markets.
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