As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…