∙ Fed Chief Raises Inflation Concern [washingtonpost.com]
“Federal Reserve Chairman Ben S. Bernanke expressed more concern about rising inflation than the cooling U.S. economy yesterday, sending his strongest signal yet that interest rates are probably headed higher.”
∙ Realtors see lower US home sales [washingtonpost.com]
“The National Association of Realtors on Tuesday lowered its forecast for U.S. home sales in 2006 and called on the Federal Reserve to stop raising interest rates because parts of the housing market are “vulnerable.””