- Housing starts up 12.2% in August, beating expectations.
- Construction permits plummet 10%.
- Attention focused on the Federal Reserve meeting.
The beginnings of houses in August they registered a significant recovery after the fall of 10.9% in July and went from 1,404,000 (annual) to 1,575,000 above the 1.44 million of the market consensus.
The building permits they were the opposite face, since they fell more than expected, going from 1,685,000 in July to 1,517,000 in August, below the 1,610,000 expected.
The data did not have a significant impact on the market. The dollar remained in the area of daily highs. Traders are focused on what the Federal Reserve’s decision will be on Wednesday. The US central bank is expected to raise the benchmark interest rate by 75 basis points.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
