
MarketMinute | Rates create a call to ARMs
Retail sales saw their biggest jump in more than 2 years last month as consumers rushed to buy ahead of tariffs. Fed Chair Powell reiterated this week that the Fed must ensure tariffs don’t trigger a persistent rise in inflation, making rate cuts unlikely. Unemployment claims fell to a 2-month low last week, evidence companies weren't turning to large-scale layoffs as tariffs hit. Builder sentiment stayed negative in April. Tariff worries and high material costs outweighed a slight boost from...
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