Housing starts decreased by 14.7% in March from the month prior to a seasonally adjusted annual rate of 1.32 million, the Commerce Department reported today. The rate was 4.3% below the March 2023 level. New building permits—an indicator of future demand—dropped 4.3% in March from the month prior but was 1.5% higher than last year
FDIC extends comment period for Genius Act implementation
The FDIC announced that it will push back to May the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary.










