Us Housing Starts Near 1 1 2 Year Low. Factory Performance Rebound
The declining fortunes of the housing market have brought back into focus fears of a broader economic downturn. But with other data on Tuesday showing industrial production rose to a record high last month despite a high interest rate environment, the Federal Reserve is expected to remain on an aggressive monetary policy tightening path. “Reading the tea leaves in the economy hasn’t been this difficult in years,” said Christopher Rupkey, chief economist at FWDBONDS in New York....