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πŸ‡ΊπŸ‡Έ Three Fed hawks just made hiking talk plausible again

πŸ‡ΊπŸ‡Έ Three Fed hawks just made hiking talk plausible again

The Fed's July minutes show a 9-3 vote to hold rates, but three regional presidents wanted a quarter-point hike, not a cut, with staff inflation estimates near 4% heading into Jackson Hole.

Line chart of U.S. housing starts 3-month average from about 2004 to 2026, labeled Jul: 1.28m.
July's 12.4% plunge in housing starts left residential building the weakest major US sector print of the week, even as building permits rebounded 5%, according to Evercore ISI. Source

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