MarketMinute | The wait for cuts grows longer
Minutes from last month's Fed meeting showed officials were concerned that inflation was easing but wasn't moving lower in a convincing fashion. Mortgage rates rose this week as markets reacted to stronger than expected inflation data that makes it less likely the Fed will cut rates. Jobless claims last week also fell more than expected and continued claims also fell, suggesting the labor market remains tight. The number of new listings continues to grow, with 54,769 listings last week....
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