US gets faster inflation, but ignored by officials
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 inflation is getting entrenched in the US and policymakers are starting to look away from the threat under political pressure.
But first, US mortgage applications fell for a third consecutive week with both refinance and new home applications decreasing. This came even though benchmark 30 year mortgage rates fell too. But the overall activity level is significantly…
The skinny
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