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US Housing Starts Plunge in February, Headline PPI Red Hot

posted by Avatar FXTimes 801 days ago in Fundamental, Inflation, Housing made popular 801 days ago

US producer prices rose by 1.6% in February, stronger than expected, but the gains were mainly led by higher energy and food prices. Core rates were subdued at 0.2%. That presents a dilemma for the Fed, as business profit margins are likely to be squeezed by this inflation. Also, housing starts fell a sharp 22% in February, a negative for the..
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