Retail spending increased 0.9% in April, boosted by demand and inflation
Retail sales were expected to rise 1% in April, according to Dow Jones estimates.
Homebuilder sentiment falls to 2-year low on declining demand and rising costs
"Housing leads the business cycle, and housing is slowing," said NAHB Chairman Jerry Konter, a builder and developer.
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Fed Governor Christopher Waller pledged that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s.
April’s consumer price index report expected to show inflation has already peaked
April's consumer price index may show inflation has reached its height.
Regulators propose first major revamp to fair housing rules since 1995
The changes would tailor the Community Reinvestment Act's approach to making sure banks are not engaging in "redlining."
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.
Private payrolls increased by 247,000 in April, well below the estimate, ADP says
Private payrolls increased by just 247,000 for the month, well below the 390,000 Dow Jones estimate.
Weekly mortgage demand rose for the first time since early March last week, but it won’t last
Total mortgage application volume rose 2.5% for the week ended April 29 compared with the previous week, according to the MBA's seasonally adjusted index.
Inflation outlook for consumers falls from record high, Fed survey shows
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from the record high the previous month.