MarketMinute | Is Inflation Cooling?
A gauge of consumer spending posted the 2nd smallest increase this year, offering hope that the Fed's policy rate hikes are cooling inflation. Consumer confidence fell in November to the lowest level since July, a sign the economy could be slowing, which could help rates. Jobless claims rose last week to the highest number since February. A cooling labor market could also help rates and inflation. Home prices rose 10.6% year over year in September, according to Case Shiller, though prices fell 0.8% from the previous...READ MORE