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Home prices are now falling, piling on the Fed pivot from near and dear to the FOMC (models).

Eurodollar University

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The Federal Reserve Is Very Sensitive to a Housing Bust in 2020s

The Federal Reserve is very sensitive to housing prices and the wealth effect. The bubble over the last couple years is actually even worse than it was in the middle 2000s. Even they would recognize that, of course, we're not privy to their private discussions,. It won't be for five years until the transcripts are released.

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