The nation’s largest banks expect the economy to recover from its deep slump by late summer but remain weak until next year.

Fresh signs that the economy is stabilizing — though at very low levels — emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check.

Growing fears over a falling dollar and rising commodity prices kept the market’s spring rally on hold Tuesday. Stocks dipped in midday trading after rising slightly earlier in the day on better-than-expected data on home construction, building permits and inflation.

New U.S. housing starts and permits surged in May from record lows, while wholesale prices were muted despite higher gasoline prices, indicating the economy was moving closer to the end of a deep recession.

Wholesale prices rose less than expected in May as a drop in food costs helped keep overall prices down. The Labor Department said Tuesday that the Producer Price Index increased by a seasonally adjusted 0.2 percent from April.

Defense contractor ITT Corp. said Tuesday it received a NASA contract to help design, develop and test instruments for measuring carbon dioxide for a NASA mission expected to launch in 2015.

Brazil, Russia, India and China on Tuesday called for a more diversified international monetary system, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world’s dominant currency, the U.S. dollar.

Government bonds fluctuated within a tight range on Tuesday after the Federal Reserve bought $6.5 billion in debt as part of its $300 billion buyback campaign.

NEW YORK—-NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, today released Snapshot of Recent Trends in Asbestos Litigation, a report analyzing trends in asbestos filings and settlements, in light of legislative and judicial tort reform over the past several years.

Russia’s industrial production plummeted 17 percent in May, the government said Tuesday, further evidence that the country’s economy is still nowhere near stabilizing, let alone recovering.