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Phoenix Real Estate

U.S. Consumer Sentiment Falls in May

The final reading of the University of Michigan’s consumer sentiment index dropped on concerns the labor markets may weaken. ANN ARBOR – Sentiment fell back about 10% in May, a departure from three consecutive months of very little change in consumer views, according to the University of Michigan Surveys of Consumers. Although consumers’ views about…

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Policymakers See Longer Path to Rate Cuts

The Fed said higher rates might be having a smaller effect on inflation because, in part, many homeowners locked in low mortgage rates during the pandemic. WASHINGTON — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation…

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