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The report could have been worse as some feared even higher inflation reports
The consumer price index rattled investors on Wednesday sending the Dow Jones down more than 400 points
Policymakers could make the first rate cut since 2020 if inflation continues to ease
Interest rates on 30-year fixed rates approaching 6.5%
Year over year housing prices are well over $400,000, an increase of about two percent from last year at this time

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