As Powell prepares for his Monetary Policy Report to Congress (10am, Watch Live), is he paying attention to the bond market? Prodded by abysmal housing data… …ZN finally broke out.
According to Kudlow, last month’s retail sales miss was a glitch. What about the 10.5% YoY drop in single family permits or the 15.9% plunge in multifamily permits? How about wholesale inventories that expanded at twice the expected rate last month?
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