U.S. Economic News

November 18, 2020

U.S. Economic Indicators

Privately-owned housing starts increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million (up 14.2% year-over-year). Housing permits were unchanged at a 1.55 million annual pace (up 2.8% from last year). Census Bureau Report

U.S. News

According to the Wall Street Journal, inflation expectations remain muted despite investor optimism that COVID-19 vaccines could stimulate a faster-than-expected economic rebound. While massive fiscal stimulus raised concerns of runaway inflation, these fears have not materialized as the disinflationary effects of the pandemic continue to outweigh inflationary pressures. WSJ