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New housing starts in the United States rose faster than expected in August, and building permits also rose.
The number of new housing starts in the United States rose faster than expected in August, driven by multi-family housing projects, but the backlog of orders is still serious. Housing starts rose 3.9% in August, to an annualized rate of 1.62 million units, according to government data released on Tuesday. The number of new housing starts in July was revised up. Economists surveyed by Bloomberg expect a median of 1.55 million sets in August. New starts of multi-family housing increased by 20.6% to 539000 units. The number of single-family housing starts fell for the second month in a row, equivalent to an annual rate of 1.08 million units. The data show that builders continue to face a limited supply of land, labour and raw materials. The above factors lead to
The two major institutions have spoken out one after another, and the Fed may have a new reason to maintain the doves.
The original title: the two major institutions have spoken out one after another, and the Federal Reserve may have new reasons to maintain the dove interest rate resolution meeting of several major central banks this week. However, both the OECD and the United Nations have warned of uncertainty about the prospects for economic recovery. Despite rising inflation, the uneven global economic recovery and the slowdown in recent months have prompted the OECD to call on central banks to maintain loose monetary policy. With the outlook for economic recovery uncertain, the call for the central bank to raise interest rates may be difficult to continue. The risk of short-term inflation is rising, and OECD expects inflation to remain above 3% this year, despite efforts to curb the Delta variant.
The price of iron ore plummeted and the Australian stock market fell more than 2%.
Related reading: Singapore iron ore prices fell more than 11% at one point, Australian stocks opened lower, and the S&P/ASX 200 index fell 2.3% to 7237.40, dragged down by declines in mining and bank stocks. The index is now at its lowest level since July 20. The utilities sector is the only rising sector. Kyle Rodda, market analyst at IG Markets, said in a report: "given the widespread concerns about global growth and financial conditions, the large miners on the Australian Stock Exchange are still at a disadvantage.
Inflation! Us companies reported a record number of inflation in the second quarter.
While almost unprecedented growth in corporate earnings pushed the S & P to an all-time high in 2021, Bank of America Corporation said companies in the index were increasingly worried about the impact of inflation. Inflation was discussed at an all-time high during the second-quarter earnings call, BofA said in a report on Monday. Inflation has been mentioned nine times more than in the same period last year, in line with the increase in the first quarter. Some companies expect cost pressures to exceed pricing power in the near term, highlighting rising inflationary pressures. As the US economy continues to recover from the recession triggered by the COVID-19 pandemic,
The U.S. Senate will vote on the infrastructure bill on Tuesday morning local time
U.S. Senate Majority Leader Chuck Schumer said the Senate will vote on the $550 billion bipartisan infrastructure bill at 11:00 EDT on Tuesday, and then consider the $3.5 trillion budget immediately.
Tesla requires factory employees in Nevada to wear masks, regardless of whether they are vaccinated or not.
Tesla has informed workers at his battery factory in Nevada that they must wear masks indoors from Monday, regardless of whether they have been vaccinated against novel coronavirus or not, according to people familiar with the matter. With the resurgence of the epidemic in the United States, Tesla is the latest company to force employees to wear masks. At the Nevada factory, Tesla had previously only required unvaccinated employees to wear masks, and those who had been vaccinated did not have to wear masks, according to people familiar with the matter. Now, the company has adjusted this policy because of the spread of the highly contagious Delta variant and the latest guidelines issued by the Centers for Disease Control and Prevention (CDC).
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