Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
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Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Jun 15, 2021
The Canadian Press
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May rose 3.2 per cent compared with April, as starts of apartments, condos and other types of multiple-unit housing projects rose higher.
The housing agency says the seasonally adjusted annual rate of housing starts climbed to 275,916 units in May, up from 267,449 units in April,
The annual pace of urban starts rose 1.8 per cent in May to 254,647 as a rise in multiple-unit starts offset a drop in starts of single-detached homes.
The rate of multiple-unit starts climbed 10.9 per cent to 190,530 in May, while the annual rate of single-detached urban starts fell 18 per cent to 64,117 units.
Rural starts were estimated at a seasonally adjusted annual rate of 21,269.
The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 280,779 in May, up from 278,462 in April.