Washington, DC .
The forecast is in part due to ongoing supply chain disruption and the resulting tight inventories. It is yet another pressure on US consumers. The Commerce Department said Tuesday that new home sales fell 26.9% in April when compared to a year prior. The S&P 500 Index has fallen 17.5% this year amid record inflation, rising interest rates and supply chain shortages.
Biden quoted as saying happy with prices, it is part of plan
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