Housing starts rose 2.1 percent in July, landing at a seasonally adjusted annual rate of 1.21 million units, the Commerce Department said Tuesday. The July figure was 5.6 percent above the July 2015 rate. Permits for new construction, which are considered a gauge of future demand, were 0.1 percent below June’s rate, landing at an annual rate of 1.15 million.
New York Fed: Consumer short-term inflation expectations slip in February
Consumer inflation expectations in February declined at the short-term horizon and remained unchanged at the medium- and longer-term horizons, the Federal Reserve Bank of New York reported in its most recent Survey of Consumer Expectations.









