In this Real Estate News Brief for the week ending July 29th, 2023\\u2026 the Fed\\u2019s latest rate hike, how the central bank\\u2019s economic forecast has changed, and good news about the dreaded IRS \\u201cknock on the door.\\u201d
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We begin with economic news from this past week and a Fed meeting that resulted in yet another rate hike. The Federal Reserve raised the benchmark rate a quarter point, to a range of 5.25% to 5.5%. That\\u2019s the highest it\\u2019s been in 22 years.\\xa0
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In a news conference after the meeting, Fed Chief Jerome Powell said that inflation has moderated somewhat, but the 2% target is still a ways off. He wouldn\\u2019t say whether Fed officials are leaning toward another rate hike in September. He said it would be a meeting-by-meeting data-driven decision...
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Thanks for listening. I\'m Kathy Fettke.
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