Spending on building projects rose by 0.4% to an annualized pace of $2.172 trillion in April, versus $2.165 trillion in March, the Census Bureau said.
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U.S. Construction Spending Picked Up in April
Fed’s Goolsbee Warns U.S. Economy Heading in ‘Stagflationary’ Direction
The Chicago Federal Reserve president warned that the persistent combination of energy shocks and stubborn inflation could push the U.S. economy into a “stagflationary” direction. […]
China’s April Activity Data Weakens Despite Export Strength
China’s economic activity weakened across the board in April despite resilient exports supported by global demand for artificial intelligence and green products. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data, Trump’s China Visit in Focus
U.S. inflation will be the highlight of economic data during the week ahead as investors gauge the outlook for interest rates in the coming months. […]