Weekly Market Recap – April 24, 2023

Chart of the Week 04-24-2023

Last month’s CPI report showed shelter prices growing at the slowest rate since November 2022 at 0.6% m/m.
Despite still-elevated y/y growth of 8.2%, this reading was an encouraging sign the CPI measure is finally beginning to
factor in the housing market slowdown that started last year.

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