US Housing Starts Beat Forecast at 1.427M vs 1.31M Expected
US housing starts came in at 1.427M, beating the 1.31M forecast and climbing sharply from 1.177M prior. Better-than-expected housing data supports soft-landing narratives and may temper near-term Fed-cut bets amid repricing following Waller's July hike signal. USD likely to consolidate strength as rate-path uncertainty remains live ahead of CPI Tuesday.
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