
MarketMinute | How Fast Are Homes Selling?
Unemployment claims for last week came in lower than expected at 223K. Claims have dropped from a record high of 6.149 million in early 2020. Consumer prices surged even higher than expected in January, climbing 7.5% year over year. That’s the largest annual gain since 1982. A strong labor market and rising inflation have increased the probability of a larger policy rate hike to come at March's Fed meeting. Foreclosures were up in January after a pandemic moratorium ended, though still less than 50% of January...
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