This week’s economic indicators show a notable shift in consumer affordability and market momentum across the United States:

⛽ Fuel Prices Hit Five-Year Low

As Americans gear up for Labor Day travel, national gas prices have dropped to their lowest levels in half a decade. Analysts attribute the decline to expanded domestic energy production and revised regulatory frameworks.

✈️ Travel Becomes More Affordable

Domestic airfare rates have fallen by 6% compared to last year, reaching a five-year low. Hotel prices are down 11%, and car rentals have dipped by 3%, signaling broader relief in travel-related expenses.

🏠 Mortgage Rates Ease

The average 30-year fixed mortgage rate has reached a ten-month low. Economists cite strong growth and declining interest rates as key factors. Housing affordability remains a central policy focus, especially following previous surges linked to population pressures.

📈 Markets Reach New Heights

Both the Dow Jones Industrial Average and the S&P 500 have hit fresh record highs. The S&P 500 is on track for its fourth consecutive month of gains, driven by robust corporate earnings and renewed investor confidence.

💰 GDP Surpasses Forecasts

Second-quarter GDP has been revised upward to 3.3%, exceeding expectations. The report highlights increased consumer spending and business investment, with inflation remaining stable and aligned with Federal Reserve targets.