Federal Reserve Board (FRB)

With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase

The aggressive start to its rate-cutting cycle signals policymakers' intention to maintain a "solid labor market," Powell remarked

Core inflation — less food and energy — remains slightly higher than the all items index

"We're nearing that time," Fed Chair Powell said of a reduction in the policy rate.

Traders are placing their bets that rates will dip in September

“We welcome today’s reading and hope for more like that,” Fed Chair Powell said at the close of Wednesday's FOMC meeting.