Fed’s Bullard says ‘biggest growth quarter of all time’ will lift inflation

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Fed’s Bullard says ‘biggest growth quarter of all time’ will lift inflation


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Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week.

U.S. housing starts fall more than expected in August as multi-family home construction slumps

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U.S. homebuilding fell in August after strong gains in the prior three months, but the housing market remains supported by record-low interest rates and demand for properties in the suburbs and low-density areas as many people work from home.