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20.01 - 15:15
Housing Slump Set to Give Fed an Inflation-Fighting Assist
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The Federal Reserve’s interest rate increases have brought on a housing slump as severe, by some metrics, as that of 2007-09, inflicting pain on prospective buyers, homeowners, builders and other industries linked to real estate.
For the Fed, this is a feature, not a bug: Slumping housing could help deliver the lower economic activity and inflation that the Fed wants in the coming year.
Read more on wsj.comAbout this in other media
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