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Tight supply weighs on U.S. home sales; job market strengthening

Updated : May 25, 2018 12:05 AM IST

The Fed raised borrowing costs in March and has forecast at least two more rate hikes for this year.
Given labor market strength and rising inflation, economists said the sluggish housing market was unlikely to deter the Federal Reserve from raising interest rates next month.
Tight supply weighs on U.S. home sales; job market strengthening

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