Real estate weekly review
Posted by Liza Alley on
Weekly Review
Newsletter - 06/21/2022
Week of June 13, 2022 in Review
A Fed rate hike, hot wholesale inflation, weakening builder confidence and signs of economic slowdown led to a volatile week in the markets. Here are the top headlines:
- Fed Rate Hike Largest Since 1994
- Wholesale Inflation Declines Slightly But Remains Elevated
- Builder Confidence Weakens as Homebuyer Traffic Slows
- Despite Slowing Housing Starts, Glimmer of Hope for Home Completions
- What to Look for in Jobless Claims Data
- More Signs of Economic Slowdown
Fed Rate Hike Largest Since 1994
The Fed was expected to hike its benchmark Fed Funds Rate by 50 basis points at its meeting last week, but instead acted more aggressively with a 75 basis point hike, due…
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