MarketMinute | Home Sales and Prices Spiked in February
The Fed left policy rates unchanged at this week's meeting. The Board stood by its earlier projection of 3 rate cuts in 2024. Unemployment claims fell unexpectedly last week, suggesting job growth has remained strong in March. The S&P Global Manufacturing and Services reports showed continued healthy rates of expansion for the private sector in early March. February home sales spiked 9.5%, the largest monthly gain in a year, as supply improved. The median home price rose 5.7% to...
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