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Can the Federal Reserve Bank Keep Raising Interest Rates?
When the Federal Reserve Bank raises interest rates, now you're going to have to pay a higher price to get a mortgage. So that affects inflation which can also affect the housing market. Jerome Powell has openly said this where the labor market is too tight meaning too many people have jobs. They want wages to cool down. And they don't want wages to keep rising at this rate because they're worried about something called the wage price spiral. I'll talk about that in just a second.