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Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22

The Exchange

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Mortgage Rates Are Inching Up Again

Since the end of October, the 30-year fixed mortgage rate has dropped a full percentage point. But today's fresh housing data shows it hasn't translated into better numbers on the construction front. And in fact, the sector may be nearing layoffs. A warning sign for the broader economy.

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