U.S. consumer confidence dips; housing starts miss forecasts

Carpenters work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las VegasBy Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence ebbed in August and residential construction rose less than expected last month, potentially dimming hopes of an acceleration in economic activity in the second half of the year. The data on Friday suggested that a recent spike in interest rates, in anticipation of the Federal Reserve tapering its massive bond purchases as early as next month, was starting to have an impact on households. "People have been shocked by how much mortgage rates have risen in the past couple of months. …



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