On today’s Hot Sheet, Byron Lazine broke down the Fed’s March FOMC decision to hold rates at 3.5% to 3.75% in an 11–1 vote, along with Chair Powell’s press conference.
He also covered Zillow’s latest Rental Market Report showing rent growth slowed to 1.9% year over year, the weakest pace since December 2020 as supply expands.
For today’s third topic, Byron reviewed the latest U.S. Department of Labor data, with initial claims falling to 205,000 while insured unemployment rose slightly and the rate held at 1.2%.
