On today’s Hot Sheet, Byron Lazine broke down the March FOMC minutes showing the Fed still expects one rate cut in 2026 while signaling a more cautious, flexible approach as risks to growth and the labor market increase.
He also unpacked Realtor.com® data showing a highly fragmented housing market, with over 60% of major metros now balanced or buyer-friendly and just 26% still seller’s markets.
To close, Byron reviewed the latest U.S. Department of Labor data, with initial claims rising to 219,000 while the unemployment rate held at 1.2% and insured unemployment fell to 1.794 million.
