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MarketMinute | Could inventory be on the rise at last?

Jun 3
2:39
AM
Category | Markets in a Minute

  • The Fed’s preferred inflation gauge, the core PCE, rose 4.9% year over year in April, a deceleration from March and in line with estimates.
  • According to ADP, May saw the fewest jobs added since the pandemic recovery began, despite a record level of job openings.
  • Even with the hiring slowdown, demand for labor remained strong. Both new and continuing unemployment claims fell for the week.

  • According to Case-Shiller, home prices nationally were 20.6% higher in March than in March 2021, despite higher mortgage rates.
  • Realtor.com reports home listings increased for the first time since June 2019, suggesting housing supply could be improving.
  • Construction spending rose slightly in April. Single family home spending grew by 0.5%, and multi-family home spending was up 0.8%.

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