MarketMinute | How will the Fed respond to good economic news?
The inflation rate dropped slightly in January but came in higher than expected. Core inflation without energy and food was up slightly. Retail sales jumped 3% in January, smashing expectations. No categories saw a decline, following a December in which sales fell 1.1%. Forecasts for future Fed rate hikes have increased on the stronger economic data, with rate hikes now expected through June. NAHB’s Homebuilder Sentiment Index improved in February by the largest amount in a decade due to an uptick in demand....READ MORE