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08 Apr
17:48

Higher US construction financing costs may persist: economist

March US construction hiring activity came in stronger than forecasts and could alter the Federal Reserve's interest rate prospects this year, Kallanish discovers from Associated Builders and Contractors (ABC) analysis of US Bureau of Labor Statistics data. “Those in search of lower inflation and interest rates will not be comforted by this release," says ABC chief economist Anirban Basu. "While economywide year-over-year wage growth softe…
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