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In this Real Estate News Brief for the week ending July 29th, 2023… the Fed’s latest rate hike, how the central bank’s economic forecast has changed, and good news about the dreaded IRS “knock on the door.”   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week and a Fed meeting that resulted in yet another rate hike. The Federal Reserve raised the benchmark rate a quarter point, to a range of 5.25% to 5.5%. That’s the highest it’s been in 22 years.    In a news conference after the meeting, Fed Chief Jerome Powell said that inflation has moderated somewhat, but the 2% target is still a ways off. He wouldn’t say whether Fed officials are leaning toward another rate hike in September. He said it would be a meeting-by-meeting data-driven decision.   A few of the other highlights from the Fed Chief’s press conference:   1 - The central bank is no longer expecting a r