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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 17, 2022
Page
8
The Commerce Department is expected to report that January housing starts for apartments and single family homes slowed versus December. December had accelerated construction due to solid demand, low mortgage rates, and tight existing home supply, though supply chain delays continue to hinder progress.
Investors read delay in Federal Reserve action as a signal of further policy tightening. Charlie Ripley of Allianz Investment Management notes the market priced in aggressive moves ahead. Local stocks steer cautious investments amid the evolving stance.
Wall Street fluctuates with the S P 500 up and the Dow and Nasdaq down as investors parse Fed minutes showing policymakers likely to move decisively against inflation. Blackstone Real Estate Income Trust buys multifamily prop owner for about 5.8 billion. ViacomCBS and Akamai trade lower after earnings.
LMH vice president Sheryle D Amico says progress in a multi specialty partnership includes maternal fetal medicine expanding this year. The program started last December and aims to keep high risk pregnancies local. Vascular surgery and sports medicine collaborations are also discussed with a formal agreement targeted by June.
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