The Monday Mix: June 19 – 25, 2023

Top-of-mind economic news as we start the week:

U.S. new home construction rose 22% in May from April, the fastest pace in over a year,  as low level of supply offsets higher mortgage rates amid steady demand.

The 4-week average for U.S. unemployment claims hit just over 255,000 per week; highest level since Nov. 2021.

A key index of U.S. leading economic indicators fell again in May for the 14th month in a row; historically anticipates turning points in the business cycle by 7 months.

The world’s central banks are diverging on interest rate policy; China lowering, Europe raising, while U.S and Japan are holding steady.

The U.K. and France launched initiative to scale biodiversity credits market, aiming to mobilize finance for projects focused on nature recovery.

Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.