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Will ending Fed stimulus hurt housing?
The Federal Reserve needs to tread carefully when it winds down its $85-billion-a-month bond-buying program, experts say, to avoid trampling the green shoots of the country’s fragile housing market. Federal Reserve officials said last week that they plan to reduce the amount of bonds they buy, basing their purchases on their confidence about jobs and inflation. Although no date has been given, officials are reportedly working on clarifying the strategy so financial markets don’t have an overreaction to any moves. The Fed’s stimulus pushed mortgage rates to record lows, experts say, which has helped fuel the ... (full story)
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