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The Fed Voted 12-0 to Raise Interest Rates for the First Time in 3 Years. Here’s How a 3.75%-4% Fed Funds Rate Impacts Housing Stocks.

Key PointsInterest rates influence bond yields. The 10-year U.S. Treasury yield directly influences mortgage rates.

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Manju Boraiah, Senior PM and Head of Systematic Fixed Income at Allspring Global Investment, reacts to Wednesday's Fed rate decision saying fundamentally, 'we needed the hike.' He also discusses how…

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