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It was the Federal Reserve’s sixth rate hike this year.
It was the Federal Reserve’s sixth rate hike this year.
The Fed is widely expected to raise its benchmark short-term interest rate several times this year.
U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.
Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties.
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