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Business News Headlines

Fed's Evans sees serious policy miss on U.S. inflation

Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is "a serious policy outcome miss."

Home sales fall as tight supply boosts prices

U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.

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