SUMMARY: Homeowner equity falls slightly in the fourth quarter of 2022 but remains almost double pre-pandemic levels, Fed Chair Jerome Powell announces rate hikes are staying the course, construction spending falls more than expected to end 2022, and jobs data seems to show a continued tight labor market...

Sources:

• Home Equity Falls Slightly For Frist Time Since 2020
• Fed Hikes Rate By A Quarter Of A Point
• Construction Spending Falls More Than Expected

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