Fed's Warning: Economic Hurdles to Persist (News: 17/06/16)

Today's Press

• Housing Starts Little Changed as U.S. Construction Plateaus

  Housing starts in May fell 0.3 percent to a 1.16 million annualized rate from a 1.17 million pace the prior month, a Commerce Department report showed Friday in Washington. The median forecast of 77 economists surveyed by Bloomberg was 1.15 million. Permits, a proxy for future construction, were also little changed from April.

• Fed's warning: Economic hurdles to persist

  The Federal Reserve made a stark concession this week: The economy is likely to grow at a listless pace for the foreseeable future.

• ECB urged to lavish ‘helicopter money’ on consumers

  The European Central Bank is facing calls from a group of EU lawmakers to reconsider its opposition to raining-down so-called helicopter money on consumers, as the debate over whether it is pursuing the right policies to boost growth widens.

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