A surging economy has complicated the fight to cool price increases.
hiringposing a quandary for the Federal Reserve as it readies to make a decision on Wednesday about whether to impose another rate hike.
Investors and policymakers will closely scour comments made by Fed Chair Jerome Powell for clues about the central bank's path over the remainder of the year.that the U.S. economy expanded at a 4.9% annualized rate over three months ending in September. That breakneck pace more than doubled growth over the previous quarter and reinforced other recent indicators of sturdy performance.
High mortgage rates have dramatically slowed the housing market, since homebuyers have balked at the stiff borrowing costs and home sellers have opted to stay put with mortgages that lock them into comparatively low rates.
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