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The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC
U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated mortgage rates and limited supply continuing to act as headwinds. FOMC Chair Powell reiterated his expectation that rates would need […] The post The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC appeared first on Action Forex... Read More
Posted: Jun 23 2023, 16:26
Author Name: actionforex
Views: 102264

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