New Home Sales Decline 15.4 Percent in March

Economic activity in the manufacturing sector expanded in April for the fourth consecutive month, according to the Institute for Supply Management. The Manufacturing PMI registered 52.7% in April, unchanged from March.

The seasonally adjusted unemployment rate for college graduates with Bachelor's degrees aged 20-24 years old was 4.0% in March 2026.

The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.64%.

ABA economists believe this PCE release highlights renewed inflation concerns and increased risks of higher interest rates. For banks, higher rates could suppress commercial real estate and housing activity for businesses and consumers.

Headline growth is supported by solid personal consumption and private investment, even amid higher energy prices and heightened global uncertainty.

The FOMC voted to maintain the target range of the federal funds rate at 3.5%-3.75%. Fed Governor Stephen Miran voted against the action, preferring a cut of 25 basis points, while three governors supported holding the target range...