- Prior month 1.321m (revised to 1.358m)
- Building permits 1.354m vs 1.386m expected
- Prior permits 1.393m
This is another better than expected data point for the US. It won’t change much given the focus on NFP and CPI, but it shows that in case the Fed cuts rates, it could make a policy mistake and lead to even more economic strength that might keep inflationary pressures high.
This article was written by Giuseppe Dellamotta at investinglive.com.
