
MarketMinute | Are Bidding Wars Still A Thing?
Factory orders for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth. GDP growth slowed to a 1.4% pace in the 1st qtr, an unexpected change for an economy coming off its best performance since 1984. However, personal consumption, the biggest part of the economy, rose an annualized 2.7% in the 1st qtr, compared with 2.5% at the end of 2021. Despite a drop in sales, new home demand remains strong. The number of new homes already sold and not yet...
READ MORE