
MarketMinute | Home Sale Profits Are Up
Consumer inflation data for April was slightly better than expected after coming in higher for 3 consecutive months, a good sign for rates. Retail sales were unexpectedly flat in April, down from last month's 0.6% increase, an indicator that consumer spending may be losing momentum. Jobless claims were slightly lower last week, but continuing claims — the number of people receiving benefits — rose to 1.79 million. Fewer homeowners are investing in renovations. After peaking in late...
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