MarketMinute | Inventory is slowly rising
Wholesale prices posted their largest annual gain in over 3 years in April, pointing to rising inflation pressures from higher supply costs. Consumer prices rose faster than expected in April to the highest levels in 3 years as increased energy costs added to growing inflation concerns. Consumers kept spending in April despite sharply higher gas prices, with retail sales rising for a 3rd straight month. Existing home sales edged up less than expected in April as high mortgage rates and affordability...
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