This is the Marketplace Minute.

I'm Justin Ho.

Stocks were mixed on Tuesday.

The Dowel rose two tenths percent, but the S&P fell two tenths percent, and the

NASDAQ lost a 10%

Federal Reserve Chair Jay Powell said recent inflation data has not given the

Central Bank more confidence that price growth is moving down

sustainably to its 2% target.

Powell said it'll probably take longer than expected to achieve that confidence.

That likely means the Fed will keep interest rates where they are for longer.

The number of new home construction projects dropped a lot in March, down

almost 15% from the month before, according to the Commerce Department. That's the biggest

drop since right after the start of the pandemic. The number of building permits fell too.

And industrial production rose in March, according to the Federal Reserve. A lot of that

was thanks to the production of auto parts. production of defense and space equipment rose too,

along with building supplies. I'm Justin Ho with the Marketplace Minute. You're going to.