Inside the Economy: Tension in the System

This week on “Inside the Economy”, we look at inflation, consumer spending, jobs, and other economic data. With a decline in consumer spending, inflation continues to lower after the most recent 0.25% increase from the FED. Job openings have decreased across a majority of industries, and with the housing market seeing low purchase and refinance activity, where do we see the job and housing market going as we move further into the second quarter? Tune in to learn about this and more!

Key Takeaways:

• 2-year bond drops below 4%
• Oil drops to $70 a barrel
• Mortgage rates remain above 6.25%