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Construction starts plunge 8% as Fed toes line on rates

March 21, 2024

February’s starts could preface a prolonged period of sluggishness over the remainder of the year, Branch said, following January’s stagnant readings that were only kept positive by a manufacturing surge.

Branch predicted that interest rate struggles would continue for some time, and said that some sectors wouldn’t move the needle on starts through the end of 2024.

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