Housing Highlights the Promises—and Limits—of the Fed’s ‘Insurance’ Rate Cuts

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Housing Highlights the Promises—and Limits—of the Fed’s ‘Insurance’ Rate Cuts
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The Fed’s interest-rate cuts have given a lift to housing, autos and appliances, helping offset a slump in manufacturing

When Federal Reserve officials started cutting interest rates over the summer, they framed the moves as akin to taking out insurance for the economy—steps aimed at providing some support at a time of rising risks.

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