August Housing Starts Better Than Estimated The Housing Starts for August, at a seasonally adjusted annual rate, came at 1, 282,000 units, which is +9.2% above July’s revised rate of 1,174,00 units and better than what the market was expecting, which was 1.24 Million units. The single family units starts increased by +1.9% in August…
Key takeaway is that the retail sales were softer in August but the trend is still positive. Consumers maybe pausing after a strong spending in July. The seasonally adjusted Advanced Retail Sales for the month of August 2018 came a bit softer than expected. The advanced estimates came at $509.0 billion, which is an increase…
Key Takeaway: there was a moderation in the year-over-year growth rate for CPI – both Core and Headline – but that is unlikely to change Fed’s intention of two more rate hikes this year The Consumer Price Index increased by +0.2% in August on seasonally adjusted basis as compared to the expected increase of +0.3%…