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Fed’s Influence Reflected in U.S. Housing Data, BofA’s Cabana Says

Dec.17 -- Mark Cabana, head of U.S. rates strategy at BofA Securities, and Lale Topcuoglu, senior fund manager at JOHCM, examine the Federal Reserve’s influence on the U.S. housing market as construction of new homes increased more than forecast in November and building permits climbed to a 12 year high. They speak with Bloomberg’s Alix Steel on "Bloomberg Daybreak: Americas."