Top-of-mind economic news as we start the week:
— US consumer prices rose at an 8.5% annualized rate in March, highest level since 1981; food, energy price increases slowed, indicating potential peak.
— Odds of a US recession in next 12 months are forecast at 28% up from 13% last year, per economists surveyed by Wall Street Journal.
— US homebuilding sentiment fell to a six-month low in April on increase in mortgage rates, elevated construction costs and housing prices.
— China cut reserve requirements for domestic banks, releasing about $83 billion into its economy to counter a downturn in economic growth.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.