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Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting. As a result, the policymakers

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Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted

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