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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
US GDP growth for the fourth quarter was revised down to just 0.7%, while core inflation remained high at 3.1% in January. New home sales collapsed by 17.6% month-over-month, the largest drop since July 2013, with home prices falling 6.8% year-over-year. Expectations indicate that the central bank has not made the desired progress in reducing inflation as hoped.