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Fed to point to home construction after US economy's poor start to 2015


economy

Fed to point to home construction after US economy's poor start to 2015

Housing’s improving fortunes, marked by rising home prices and sales, are likely to be acknowledged by the US Federal Reserve.

US central bank officials are gathering for a two-day policy meeting and have already targeted housing as one of the weak spots of the economy.

All eyes will also been watching to see if policymakers raise interest rates now or as expected later this year.

The Fed has kept its short-term lending rate near zero since December 2008.

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