Fed Chair Jerome Powell signaled that a rate cut could be on the horizon. In housing news, both existing home sales and housing starts exceeded expectations, though builder sentiment remains low amid ongoing market uncertainty.

Consumer and wholesale inflation rose, retail sales showed strength, and unemployment claims remain little changed.

Annual home prices continue to move higher, while unemployment claims show a concerning trend – two important updates in an otherwise quiet week.

From the Fed’s latest meeting to new data on inflation, jobs, the economy and home prices, last week was full of important updates.

Existing home sales dropped more than expected in June, while new home sales rose slightly but stayed below forecasts. Meanwhile, unemployment claims highlight ongoing challenges in the job market.

Tariffs had less impact on inflation than expected, home builder confidence stayed low, and single-family construction slowed despite a bump in overall activity.

The Fed’s June meeting minutes revealed differing opinions on the future path for rate cuts. Additionally, the latest data on home prices and unemployment claims offer crucial clues about the housing and job markets.

Mixed messages are swirling in the latest job market data. What does it all mean? Read on for key details on job gains, openings, unemployment and more inside.

The Fed's preferred inflation gauge exceeded expectations in May. Meanwhile, the housing market saw soft home sales, although annual home prices continued their rise in April.

Due to ongoing economic uncertainty, the Federal Reserve has decided to keep its benchmark Federal Funds Rate unchanged. This environment has also contributed to a slowdown in both the construction and retail sectors. Additionally, unemployment claims are trending higher.

Consumer and wholesale inflation data was softer than anticipated in May. However, less encouraging news comes from rising unemployment claims, which indicate continued difficulties in the job market.

Recent labor sector data indicates signs of a softening job market, while appreciation reports highlight the strong returns that homeownership can offer.