MarketMinute | More Homes for Sale Going Into The Spring Market
The number of workers quitting their jobs dropped to a 3-year low in January, indicating labor market conditions were gradually easing. Services industry growth slowed a bit in February. However, new orders increased to a 6-month high, pointing to underlying strength. Fed Chair Jerome Powell told Congress the Fed is in no rush to cut interest rates until it is convinced it's won the battle over inflation. Construction spending fell unexpectedly in January, though outlays on new...
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