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Concerns rise over impact on housing sector and potential economic downturn
Tells House Financial Services Committee that moderate increases still needed to curb inflation.
Federal Open Market Committee holds rate steady for the first time in more than a year.
Addresses reconsiderations of value (ROV) for residential real estate transactions.
The rule is intended to ensure the credibility and integrity of Automated Valuation Models.
Raises federal funds rate by another 25 basis points, hints at potential pause.
