
MarketMinute | How are the markets finishing the year?
The dollar is ending the year on the defensive, having given back roughly half of its 2022 gains, as investors bet inflation is slowing. Jobless claims rose only modestly last week and held near prepandemic levels, suggesting the labor market remains historically tight. Purchasing power of middle-income household paychecks fell 2.9% in 2022, as inflation hit middle earners harder than other groups. Month-over-month house prices were flat in October, changing 0.0%, according to FHFA. Prices rose 9.8%...
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