Hello. Welcome to his AS USA live blog on financial and economic news.
Earlier this week, the U.S. Department of Housing and Urban Development reported that the number of new permits to build housing has fallen by more than 20% compared to April 2022. Rising interest rates slowed interest in building new homes. With supply trending downward, lowering prices may become even more difficult.
negotiations in Washington The debt ceiling will continue this week, but there are only 15 days left before the US risks default.. Republicans are demanding cuts in social spending, but so far the White House is unwilling to compromise on those points. We will provide the latest information according to the situation on the day.
Last week, the Bureau of Labor Statistics said The consumer price index rose 0.4% in April, reported This resulted in a year-on-year increase of 4.9%. The unemployment rate fell to 3.4% in April. Provides the Fed with key data points as Fed officials evaluate further rate hikes.
