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Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
Homebuilder boom pays off as affordable resale inventory lags demand
With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase
The aggressive start to its rate-cutting cycle signals policymakers' intention to maintain a "solid labor market," Powell remarked
Core inflation — less food and energy — remains slightly higher than the all items index
"We're nearing that time," Fed Chair Powell said of a reduction in the policy rate.
