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In terms of data, the United States announced last night new housing starts, construction permits, monthly inflation rate and industry Output data performed better than expected, supporting the US dollar and causing gold and silver to oscillate back and forth. Specific data shows that monthly housing starts in the United States are .10,000 expected, 10,000 previous value, 10,000 monthly rate, % expected, % previous value -.%. U.S. monthly building permits. 10,000 expected. 10,000 previous value. 10,000 monthly rate. % expected. % previous value - .%.
Analysts believe that monthly housing starts in the U.S. were boosted by an increase in the construction of single-family and family housing. Single-family starts increased by .% to the highest level since January 2020, forming a virtuous cycle with the improving job market. It is further evidence that U.S. retail sales have picked up after stagnating in the first quarter, and that the U.S. economy is regaining momentum as the second quarter begins.
Last night’s US monthly rate was .%, which was the largest increase since January. It was expected to be .%, the previous value was .%. Annual rate.% expected.% previous value.%. US monthly core annual rate.% expected.% previous value.% monthly rate.% expected.% previous value.%. Analysts believe that the monthly seasonally adjusted monthly rate hit a new high since 2009, and the steady rise in inflation will provide ammunition for the Federal Reserve to raise interest rates in the second half of the year. However, the Fed's attitude became dovish at the Federal Reserve meeting last month, believing that the previous decline in energy prices and non-energy imports made it difficult for inflation to grow. In addition, although retail sales Sales performed well, but the monthly non-agricultural growth was lower than expected and the number of initial claims rose, which also caused concern.
The U.S. monthly industrial output rate announced last night was .% expected to be .%. The previous value was -.%. Analysts believe that industrial output last month achieved its first increase in a month, with equipment and automobile production recording solid growth. The U.S. manufacturing industry is resisting the downward pressure of the global environment. In addition, the recent weak rebound of the U.S. dollar and energy prices have also stabilized in the second quarter. The economy may be able to accelerate again. In addition, the capacity utilization rate that the Federal Reserve is concerned about has increased. The space for raising interest rates is expected to expand, boosting the dollar's rebound and suppressing gold and silver.
On the Federal Reserve, three officials made hawkish remarks last night. Among them, Fed centrist Williams made hawkish remarks. He believes that the Fed will be reasonable to raise interest rates for the first time in 2020 and does not rule out the possibility of taking action at the March meeting. U.S. wages rose faster than the average data indicated and many labor market data showed overall improvement. The United States is at or near full employment. All signs point to the continued moderate growth of the U.S. economy. The low inflation rate is due to the strength of the U.S. dollar and weak oil prices. Last night, the centrist Atlanta Fed President Lockhart also made hawkish remarks. Lockhart said that he would not rule out the Fed raising interest rates in May. It is possible that the Federal Reserve will raise interest rates once this year.
At this stage, the market may be more pessimistic than me and it is a little premature to draw conclusions on the second quarter data. Wages and prices are moving closer to the Fed's targets. There is a certain degree of idleness in the U.S. labor market, but it is close to the goal of full employment. Last night, Kaplan, the dovish president of the Federal Reserve Bank of Dallas, also made more hawkish remarks. He believed that there is more idleness in the U.S. labor market. There is evidence that With inflation approaching the Fed's % inflation target, interest rate hikes are likely to be in the near future, providing assurance that the Fed will remain patient, prudent and gradual in raising interest rates. The annual D growth rate in the United States is expected to be around %.
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