- The Fed raised rates by 0.25% this week, calling for more hikes to come. Despite this, markets anticipate the Fed will have to cut rates by July.
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- Unemployment applications unexpectedly declined for a 2nd week. The job market remains tight with employers reluctant to lay off workers.
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- Short-term inflation expectations fell in March to the lowest level in 2 years, but consumer sentiment still fell due to persistently high prices.
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