MarketMinute | Housing Starts Rebound
Last week's initial jobless claims saw the biggest drop since November, coming in at 206K and pointing to labor market stabilization. Fed meeting minutes showed many officials were worried more about inflation than the labor market, making a cut in March unlikely. The U.S. trade deficit widened to $70.3 billion in December, marking one of the largest annual gaps on record. Pending home sales continued to slide in January. Improving affordability was not enough to...
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