Fed Searches for the Magic Number to Cool a Red-Hot U.S. Housing Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Fed usually relies on higher interest rates to put the brakes on inflation by cooling the housing market. A pandemic-driven price boom puts that to the test.

set out to cool the economy and slow inflation in the past, it counted on the housing market to do much of the work. By raising interest rates, the central bank made mortgages more expensive and trimmed the number of buyers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed report shows crypto is favored as an investment toolIn 2021, 12% of adults held or used cryptocurrency, according to the report, and they were more likely to hold as an investment. When Spot
Source: TheBlock__ - 🏆 464. / 53 Read more »