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Progress towards the Fed’s 2% inflation target remains stalled while signed contracts on existing homes fell in April. Meanwhile, home prices continue to hit new highs this year. Read on for these stories and more.

April is Financial Literacy Month! Helping young people gain financial literacy is a cause very important to me. There are no state requirements for financial literacy in Colorado public schools.

The latest Consumer Price Index (CPI) showed higher than expected inflation in March, with the headline reading up 0.4% from February. On an annual basis, CPI moved in the wrong direction, rising from 3.2% to 3.5%.

The Fed held rates steady, as anticipated, with their forecasts showing that three cuts are still expected this year. Plus, February saw positive momentum in home sales and construction.

Closings on existing homes picked up last month, while recent commentary shows that Fed members remain cautious about cutting rates too soon.