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Tight supply, rising prices weigh on U.S. home sales

U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market.

Fed's Harker sees two U.S. rate hikes this year

Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he still thinks just two interest-rate hikes this year is "likely appropriate," but signaled he is open to more if needed.

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