MarketMinute | Are rising rates diminishing demand?
Last month's Fed minutes showed officials are no longer considering policy rate cutes but instead are weighing rate hikes as inflation moves higher. Applications for unemployment benefits remained low last week, signaling layoffs are still relatively limited despite recent job cut announcements. Economists expect inflation to worsen in the coming months, with consumer prices projected to rise as much as 6% in the second quarter. Builder sentiment edged higher in May despite rising rates, economic uncertainty, and high construction costs. ...
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