Housing starts tumble, core producer prices dip | Reuters

Housing starts tumble, core producer prices dip

WASHINGTON (Reuters) - U.S. housing starts plunged to a more than three-year low in August, while falling new vehicle costs kept producer prices unexpectedly weak, the government said on Tuesday, bolstering views the economy is cooling.

The data comes one day before the Federal Reserve's policy-setting committee meets to consider interest rates, and strengthens the case that borrowing costs will remain steady through the end of the year.