MarketMinute | Prices and Pending Sales are on the Rise!
January's manufactured capital goods orders grew by the most in 5 months, ending 2 straight months of declines. Consumer confidence declined in February, as rising prices and growing recession concerns outweighed the near-term strength of the economy. The PCE, a key inflation measure, rose more than expected in January, indicating the Fed has more work to do to bring down prices. Pending home sales jumped 8.1% in January, improving for the second straight month, as mortgage rates fell from 2022 highs....READ MORE