Trump's tax cut are contributing to the housing-market slowdown, New York Fed finds

The housing market has continued to cool this year, remaining a soft spot in an otherwise solid economy. And President Donald Trump’s tax cuts passed in 2017 appear to be partly to blame, according to a new study from the New York Federal Reserve Bank.

“Changes in federal tax laws enacted in December of 2017 have contributed to the slowing of housing market activity that occurred over the course of 2018,” economists Richard Peach and

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