MARKET DAILY

Market 04/18: Existing home sales drop sharply in March

Hawkish remarks from Fed officials: Williams + Bostic. Initial jobless claims last week dipped slightly. Soft-landing expectations decline via LEI and Beige Book.

New York Fed President Williams:

"The Fed continuing to raise rates is not the baseline in my forecast. But if the data requires it, the Fed will raise rates".

Rate cuts will be determined by economic data.

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