The Monday Mix: Sept. 18 – 24, 2023

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

U.S. housing starts for August sank 11% from July, to the lowest monthly level since June 2020; biggest drop was in new multifamily housing and on the West Coast.

The Federal Reserve left its key interest rate in the 5.25%-5.5% range but signaled that another rate increase was possible in 2023.

The Conference Board’s Leading Economic Index is down 3.8% for the past six months, indicating that economic activity is likely to decelerate.

China is allowing foreigners in Shanghai and Beijing to freely move money in and out of the country, to entice badly needed foreign investment.

The White House launched the American Climate Corps to educate and train 20,000 young people to work in clean energy, conservation and climate change mitigation sectors.