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Builder sentiment fell as mortgage rates stay elevated, the National Association of Home Builders said.
Treasury yields sank Wednesday morning after data showed the inflation rate slowed in April even as price pressures continued to linger.
NYCB’s stock rises 5% in premarket trading after bank announces deal to sell loans to JPMorgan Chase.
The average cost-of-living adjustment over the last 20 years has been about 2.6%, according to the Senior Citizens League
“Animal spirits are alive and well, with traders overlooking concerning inflation data to take advantage of the momentum while it’s intact,” says Tom Bruni of Stocktwits, the social platform for investors and traders.
Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories.
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