Key takeaways
- The US Housing Price Index rose by 0.5%, but it was expected to fall by 0.2%
- Consumer confidence dipped to a nine-month low as the jobs market bites
- Economic data continues to paint a mixed picture for the Fed, whose interest rates decision will be announced at the start of May
House prices jumped unexpectedly and consumer confidence continued to fall, making the Fed’s impending interest rate decision a bit harder as the mixed data baffles analysts and investors.
Ahead of a key announcement from the Fed due in just a few days, these are some of the last pieces of data we’ll see on the economy’s health before the big decision is made. We’ve got the analysis of what the data shows, how it fits into the wider landscape and what the Fed might be thinking right now.
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