Trending News: May 31, 2023

Inflation gauge bounce could mean another rate hike from the Fed, homebuilders start to take advantage of low existing inventory, and the second month of home price gains could signal an end to year of declines.

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Show Notes

The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike: The Federal Reserve’s preferred inflation gauge bounced higher in April, underscoring Fed Chair Jerome Powell’s warnings that reining in price hikes “is likely to be bumpy. Read more

Homebuilders are taking advantage of low existing inventory: New home sales rose for the fifth consecutive month in April. Read more

Second month of home price gains could signal end to year of declines: US home prices rose 0.7% in March, notching a second-straight month of upticks while suggesting declines that began in 2022 may be winding down, according to data from CoreLogic and the FHFA. Read more

Music by: Gloria Tells from Epidemic Sound


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