Ep. 261 | Inflation & Spending Are Too Hot

SUMMARY: The Producer Price Index comes in much hotter than expected, new housing data is underwhelming, retail sales are much hotter than expected, home builder confidence sees a decade-high jump, and mortgage rates jump for the second straight week.

Sources:

• Housing & Inflation Data Disappoints
• Inflation Data Disappoints
• Mortgage Rates Increase For Second Week
• Retail Sales Jump Even More Than Expected
• Home Builder Confidence Reports Biggest Jump In A Decade