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Despite mounting pressures, the central bank remains cautious as housing and mortgage sectors show signs of stagnation.
Despite recent drops in inflation, Powell hints at potential rate hikes; emphasizes the need for a stable economy amidst accelerated growth risks.
Fed retains current rate between 5.25%-5.5%; Housing market may see a shift as inflationary pressures are monitored and policy adjustments are made.
Powell emphasizes cautious approach to inflation management, despite robust economic indicators.
Uncertainty about fight against inflation suggests more hikes might be needed.
Interest rate hikes and cooling rental markets lead to most severe contraction since global financial crisis.
