MarketMinute | First Market Update of 2026
The Consumer Price Index rose 2.7% in November, below expectations but higher than the Fed’s stated goal of 2% inflation. Fed meeting minutes show officials see room to cut rates more if inflation keeps easing, though they are split on how much to cut and when. Jobless claims fell last week to the lowest in a month. The unemployment rate likely remained high in December due to sluggish hiring. Pending home sales surged to the highest level in nearly 3 years in November, as improving affordability...
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