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US Home Sales May Set the Stage for the Fed Rate Decision - Will They Cut?

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01-26-08, 03:22 AM

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US Home Sales May Set the Stage for the Fed Rate Decision - Will They Cut?

On Monday, the Commerce Department is expected to report that new home sales fell another 0.3 percent to a 12-year low of 645K. The news will come on the tails of the worse-than-expected NAR existing home sales figure that was released on Thursday, and the results will likely be similar....

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