
MarketMinute | The housing market has some unexpected increases
The Fed kept its policy rate unchanged at the March meeting. Fed members expect to cut policy rates twice in 2025. Retail sales were up by less than forecast in February, and January was revised downward to mark the biggest drop since July 2021. Initial jobless claims rose slightly last week. Continuing claims also rose, with more people remaining jobless longer than a year ago. Existing home sales unexpectedly increased in February, as rising supply and falling mortgage rates pulled buyers back into...
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