On June 20th, LPL Financial's chief economist Jeffrey Roach stated in a report that the slowdown in US housing construction will further ease the price pressure on commodity products such as wood. The housing data released today for May was lower than expected, with new home starts contracting by 5.5%. Roach said, "Weak demand and inflation easing should prompt the Fed to start cutting interest rates later this year." He pointed out that the data shows a slowdown in the housing component of GDP in the second quarter.
经济学家：美国住房市场放缓加大降息可能性
Economists: Slowdown in the US housing market increases the possibility of interest rate cuts.
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