#Fed

China cut its holdings of US Treasury securities to $633.4 billion in June 2026 — the lowest level since September 2008. Meanwhile, the People's Bank of China has been building its gold reserves for the 21st consecutive month.

The U.S. Commerce Department reported that construction starts fell 12.4% in July to 1.239 million units, below forecasts. Meanwhile, production rose 0.2% on a wave of AI and defense investment.