The Federal Reserve raised rates on Wednesday for the fourth time this year, citing a strengthening labor market and strong economic activity. The Fed raised the benchmark federal funds rate to between 2.25 percent and 2.5 percent. Rates are now at their highest level since 2008 amid many indicators that the housing market is slowing down. In October, the U.S. Commerce Department reported that new home sales dropped 8.9 percent compared to September, marking an […]
source https://therealdeal.com/miami/2018/12/19/fed-raises-rates-for-fourth-time-in-2018-amid-signs-of-market-slowdown/#new_tab
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