Page 2 - Peter Essele News Today

The number of multifamily units under construction hit a record in May of 994,000, a surge in supply that should help lower rent pressures.

U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction.

Inflation continued to ease last month, the CPI report showed, paving the way for the Fed to pause in its campaign of rate hikes.

Is that a soft landing in sight? The May CPI data looks kind of like it, but only to some economists.

Stocks may notch gains ahead of the Memorial Day holiday as lawmakers appear to be nearing a deal to lift the $31 trillion debt ceiling.

The Dow snapped a losing streak as investors headed into Memorial Day anticipating Washington will reach a deal to raise the debt ceiling.

A lower-than-expected CPI report helps the case for the Fed to pause in its campaign of rate hikes.

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.

MARKET WRAPS Watch For: Manufacturing PMI data for eurozone, Germany, France, Italy, UK; trading update from Ryanair Opening Call: European stocks may open mixed on Monday following a surprise production cut from OPEC+. In Asia, oil fut... | 12:17am

"While the inversion says trouble is coming in the medium term, the un-inversion says trouble is coming within a year," Brad McMillan said.