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Experts say housing industry will shrug off the latest increase.
Latest Consumer Price Index report sets up Federal Reserve for another 75-basis-point rate hike.
Increase is the largest since November 15, 1994.
“Anything less than 50 basis points risks being too soft; more than 50 basis points risks being too aggressive.”
It was the largest 12-month increase since December 1981.
Minutes of May meeting reveal discussion of raising rates faster than anticipated.
