SUMMARY: April’s Case-Shiller report showed a slight drop in home price growth for the month which hasn’t happened since November 2021 and could be a sign the housing market is now officially slowing, consumer confidence falls to the lowest level in 4-months thanks to inflation, and John H. Cochrane says the Federal Reserve can’t fix inflation by itself…
Sources:
- Home Price Growth Slows in April
- Consumer Confidence Falls to a 4-Month Low
- COCHRANE: The Federal Reserve Can’t Cure Inflation by Itself (WSJ)