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According to analysts at TD Securities, US housing starts and building permits are expected to rebound at 0.3% and 3.1% m/m in July, respectively, following declines in the month before.

Key Quotes

“UMich’s sentiment index likely declined modestly to a still-firm 97.0 level in August from 98.4 before. Attention, however, will be paid to the long-term inflation expectations series, which has stayed stuck at the low-end of the historical range.”