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As the Federal Open Market Committee (FOMC) prepares to convene for September, Frost Investment Advisors Chief Investment Officer Tom Stringfellow discusses the impact of low interest rates and home sales on the nation’s economic recovery.
“The importance here is that the housing construction and sales markets are self-driving in that they spur additional new construction, labor build-up and new service-add ons,” said Stringfellow. “These include furniture sales, service industry growth, auto sales and a growing local tax base.”
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