Episode 4: Is the Fed done raising interest rates?
• Spending on new multifamily construction surged almost 25% in April.
• In contrast, new single-family construction spending declined by 24.7% in April.
• The U.S. added 339,000 jobs in May.
• In light of new data, some metro-level employment forecasts have been revised.
• Fed announces a pause on new interest rate hikes.
For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.
