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Bloomberg Money Minute | Beef Tariffs & Housing Crisis
Posted
August 21, 2026
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1,310
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August 21, 2026
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1:00Now PlayingPresident Trump announces tariff relief on ground beef imports to slash supermarket prices by 25% amid high food inflation. Meanwhile, US housing affordability has worsened for the first time in nearly three years as surging borrowing costs push average mortgage payments to 34% of a typical family's income. Despite these consumer pressures, Wall Street opens the trading day in the green with all major indices gaining ground.
#Inflation #Trump #Tariffs #HousingMarket #RealEstate #StockMarket #FoodPrices
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