The data on home construction in the US They were below expectations, without having an impact on the market. Home starts fell 10.3% in February, to 1,421,000 (annually) below the 1,565,000 market consensus. It is the lowest level since August last year.
Regarding the construction permits these had a decrease of 10.8% in February it was 1,682,000, below the 1,750,000 average of analyst expectations. It is the lowest reading since November 2020.
Later, at 18:00 GMT, the Federal Reserve statement will be released. Although no changes in monetary policy are expected, whatever the Fed and Powell’s words can generate market movements.
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