MarketMinute | Rates begin moving lower in anticipation of earlier Fed cuts
Readings show that in June, consumers grew less pessimistic about the economy and inflation as global trade tensions showed signs of easing. Although new unemployment claims decreased last week, continuing claims increased to 1.97 million, the highest level since November 2021. Some Fed members have come out saying they would like to see the Fed cut policy rates as soon as next month’s meeting, if inflation stays low. Sales of new single-family homes dropped 13.7% in May and 6.3% from a year ago,...
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