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The Real Estate News Brief: Inflation Slowdown, Fed’s Next Steps, What Homebuyers Need to Earn

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Sinopsis

In this Real Estate News Brief for the week ending November 19th, 2022... the latest inflation slowdown, what the Fed might do next, and what homebuyers need to earn to buy the “typical home.” Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715 Economic News We begin with economic news from this past week, and another good report on inflation. The government reported on Tuesday that wholesale prices only rose .2% in October. That lowers the annual rate of inflation from 8.4% to 8%. It had been as high as 11.7% in March. That report along with one the week before on the CPI, show that inflation is slowing down, but officials at the Federal Reserve say they are still seeing the need for several more rate hikes. (1) St. Louis Federal Reserve President James Bullard says that the central bank still has a lot of work to do to attain a “suffi