The recent spate of weak housing and retail numbers do not bode well for a Federal Reserve rate hike later this week, said TheStreet’s Jim Cramer. Housing construction fell below estimates in August as recovery in the housing sector came in fits and starts. Housing starts fell 5.8% from July, coming in at a seasonally adjusted annual pace of 1.14 million, according to the Commerce Department. Analysts expected an annual pace of 1.18 million. Permits came in flat at 1.14 million.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
