Fed Still Unlikely to Cut in September, Suggests New Analysis

MPA, Aug. 18-Jonalyn Cueto
The US housing sector remains trapped in a deep freeze as high interest rates continue to weigh heavily on activity, according to a new analysis by RBC Economics. The report, written by senior economist Mike Reid and economist Carrie Freestone, said that while recent labor and inflation data have shifted expectations around monetary policy, housing will remain collateral damage of elevated borrowing costs.
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