U.S. headline retail sales beat expectations in March, advancing for a second consecutive month. The strong showing bolstered the case for a delayed start to the Fed’s interest rate cutting cycle.
Comments from senior Federal Reserve officials has the timing of possible interest rate cuts in question amid signs of persistent strength in the U.S. economy and higher-than-anticipated inflation. In contrast, the housing market continues to feel the weight of higher interest rates as housing starts and home sales dipped in March.If you are having trouble viewing the Weekly Bottom Line below, please click here.
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