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How Fed's rate hike could affect NC's hot real-estate market

After a historic period of rock-bottom interest rates and equally historic infusions of cash into the economy during the COVID-19 pandemic, the Federal Reserve raised interest rates yesterday by a half of a percentage point and announced plans to reduce their $9 trillion balance sheet. Both of these moves are aimed at fighting rising inflation,
United States North Carolina Wake County Robby Oakes Brian Balfour Federal Reserve

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