US inflation goals hampered by labour market expansion
Kia ora,Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news progress toward lower inflation is underway but the road is bumpy.But first up today we should note that American mortgage application levels decreased again last week. Their mortgage rates moved lower last week, but that did little to ignite overall mortgage application activity which is now -13% lower that the weak year-ago levels. Their overall economy may be in a…
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