Fed's hike draws mixed views on inflation timeline
The Fed raised rates by 25 bps to 3.75-4.0%, a unanimous vote under Warsh. Analysts split on inflation's duration, with UBS seeing gold pressure near-term but…
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US housing starts in August came in at 1.275m, below 1.309m forecast
US August housing starts at 1.275m missed estimation; permits also lower. Mortgage rates near 7%; relief may come after Iran war, if ever.
17/09/2026 12:422 min read
- The prior month's figure was 1.239m.
- Previous housing starts had fallen 12.4%.
- Building permits came in at 1.394m, missing expectations of 1.410m.
- The prior reading for permits stood at 1.433m.
US housing starts dropped 2.6%, while permits decreased 2.7%, as the housing market continues to struggle. With 30-year mortgage rates currently hovering around 7%, there is no immediate relief. However, the Fed's determination to fight inflation could lead to some reprieve after the Iran war, if that point is ever reached.
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