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‘This Is the Pain That Comes With Bringing Inflation Down': Economist Says Higher Rates Are Here to Stay
Source: 247wallst.com
Monetary PolicyInterest Rates & YieldsHousing & Real EstateCompany FundamentalsEnergy Markets & Prices
The Federal Reserve unanimously kept interest rates elevated, while oil prices are rising and the anticipated housing-market recovery has failed to materialize. The combination of persistently expensive borrowing costs and weak housing activity is a material headwind for Rocket Companies' mortgage-related business and earnings outlook.
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moderately negative
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