Yellen: Home Prices Further To Fall
San Francisco Fed Head Yellen stated that:
core inflation is likely to rise as business pass on higher costs to consumers and construction spending and house prices seem likely to continue to fall well into 2009.
The confluence of inflation and depressed home values has a dampening effect on consumers' spirits as families spend more despite a diminished sense of wealth.
core inflation is likely to rise as business pass on higher costs to consumers and construction spending and house prices seem likely to continue to fall well into 2009.
The confluence of inflation and depressed home values has a dampening effect on consumers' spirits as families spend more despite a diminished sense of wealth.
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