Housing Prices Threaten the Federal Reserve’s Inflation Outlook

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Housing Prices Threaten the Federal Reserve’s Inflation Outlook

Forecasters predict elevated home prices to be a temporary reaction to the economy’s reopening after pandemic-related restrictions, but the Wall Street Journal says housing costs appear to be more persistent than expected. Core inflation increased 3.5% in June compared to a year prior, marking the highest rate of growth in 30 years. The dramatic increase…
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