permits
Housing construction rebounds in February, as permits and starts are stable and rebounding – Beragampengetahuan
– by New Deal democrat The Bonddad Blog Yesterday I wrote of how Fed rate hikes had not translated into a decline in the amount of housing under construction, and without that I did not see how a recession could occur. And in reaction to January’s housing construction report I concluded, “To signify a likely […]
Yuan’s exchange rate system managed by PBOC permits 2% fluctuation By beragampengetahuan.com – Beragampengetahuan
© Reuters. On Tuesday, the People’s Bank of China (PBOC) continued to manage the yuan’s exchange rate against the U.S. dollar using a floating system, allowing for a fluctuation within a +/- 2% band. The system is designed to accommodate market supply-demand dynamics, economic indicators, and global currency market movements. The daily midpoint of the […]