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Hey everyone, it's Larry Bailey. This is the market review for the week of September 16, 2024.

The Fed started its rate-cutting cycle with an aggressive move, while housing construction ramped up in August due in large part to lower mortgage rates. Here are the headlines:

• Fed Cuts Rates 50 Basis Points
• Existing Home Sales Slip
• Home Builder Confidence Rises After 4-Month Skid
• August Sees Surge in Single-family Home Building
• Continuing Jobless Claims Reflect Hiring Slowdown

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Larry Bailey - Your Community Advocate
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