From CNN:

The Federal Reserve is reevaluating plans to cut interest rates after lower-than-expected inflation data. Traders predict a rate cut in June or July. The housing and services sectors continue to impact inflation, leading to a delay in rate cut decisions. The Fed aims to make data-driven decisions, even with potential external pressures.

The National Association of Realtors settled antitrust lawsuits, agreeing to end the 6% commission standard in home purchase transactions. The NAR will pay $418 million in damages and eliminate rules on commissions. This move is expected to reduce housing costs and impact the current home buying and selling model significantly.

Upcoming events include the National Association of Home Builders’ Housing Market Index, Bank of Japan and Reserve Bank of Australia interest rate decisions, US Commerce Department data on housing starts and building permits, Micron Technology, General Mills, Prudential earnings, Federal Reserve interest rate decision with economic projections, and Bank of England interest rate decision. Other updates include earnings reports from various companies and economic surveys.



Read more at CNN: Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must