Unify Financial Advisors Weekly Market Update
Last week, we saw monthly gains in consumer confidence and the home price index of 4.6% and 0.3%, respectively. Nationwide home values increased 7.4% in the last 12 months ending in March. Consumer confidence reversed a two-month decline, but inflation worries of the surveyed participants persisted. Declines in revised GDP and Personal Consumption Expendituresgave mixed signals, but stocks declined, with the S&P 500 finishing the week down 0.49%
This week, the labor market will receive fresh data on job openings and the employment report. The FOMC is looking for signs that the labor market is cooling due to higher interest rates. A cooling labor market could lower wage and inflation pressures.
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Here’s to a great week ahead!
Thank you,
David Bennett