China existing housing inventory, along with the those currently under construction, could take up to 12 years to fully clear, according to one China economist.
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Markets were mixed Wednesday after an unremarkable US inflation report tempered expectations for an interest rate cut early next year, with attention moving to the Federal Reserve's policy statement later in the day.The Fed's two-day meeting concludes later Wednesday and most expect it to stand pat on rates, but its statement and comments from boss Jerome Powell will be parsed for pointers on its 2024 plans.
Markets were mixed Wednesday after an unremarkable US inflation report tempered expectations for an interest rate cut early next year, with attention moving to the Federal Reserve s policy statement later in the day.