mpc: 6
In the United States, the main focus continued to be on the slowing of the housing market and the
implications for the rest of the economy. The data on the housing market had been somewhat mixed:
recent house price indicators had given conflicting signals; and housing starts and building permits
were weak in October. Overall, residential investment in Q4 might be weaker than the Committee had
expected at the time of the November
Inflation Report.
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