NAHB: Fed lifts rates again but housing already in a recession

Econ & Housing, The Daily Buzz

istock.com/cveltri Continuing its fight to rein in stubbornly high inflation, the Federal Reserve hiked the federal funds rate by 75 basis points on Wednesday to an upper bound target of 2.5% following a similarly aggressive move in June. The Fed rate hikes slow the economy by making business and consumer borrowing costs more expensive. This…

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