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Surveillance: Fed's George Drops Hints at Jackson Hole

Bloomberg Surveillance

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Is There a Tightening of the Housing Market?

Home sales are the weakest, again, since the beginning of the pandemic. Even mortgage rates have shot up. We know all kinds of people who backed out of wanting to buy a home because they're expecting prices to fall more. So is that a a welcome tightening in financial conditions? Is it bit more than the fedis bargained for? i think we will still have to see.

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