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Higher oil prices resulting from the U.S.-Israeli war in Iran are dashing hopes for any interest-rate cut by the Federal Reserve this year and even leading to growing chances of a rate hike.
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Over 4,000 told to evacuate flooding in Hawaii as officials warn 120-year-old dam could fail NPRFlooding, damage reported across Oahu as heavy rain overwhelms already-saturated ground Hawaii News Now120-Year-Old Dam in Hawaii at Risk of ‘Imminent Failure' as Thousands Ordered to Evacuate People.comThousands ordered to evacuate as Hawaii hit by severe flash floods The Guardian
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This spring's housing market is on, but economic headwinds are pushing back most of the advantage that buyers have gained over the past year in affordability.
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Mortgage Rates Move Back Above 6.5% Mortgage News DailyThe spring housing market is on, but mortgage rates just shot higher. Here's what to know. CNBCUS fixed 30-year mortgage rate hits three-month high amid Iran war ReutersMortgage rates jump further above 6% as Fed warns on inflation: Mort
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The pressure on Trump to deescalate in the Middle East is building. Markets need to be convinced oil is back below $100 forgood before they can rally concertedly.
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Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
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