
MarketMinute | How does current inventory compare to 2020?
Surging food, energy, and shelter costs pushed consumer prices up 8.5% in March, slightly hotter than expected and the highest since 1981. The prices that goods and services producers pay also rose. Wholesale inflation hit 11.2% in March, the biggest gain on record. New unemployment applications remained near historically low levels, as employers held onto workers in a tight labor market. Large investors have increased cash flow to devote to housing, having accumulated $89 billion for building or buying rental homes....
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