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Existing home sales up 6.5% in July

Wednesday, 21 Aug 2013 | 10:00 AM ET

CNBC's Hampton Pearson breaks down the latest numbers on housing. CNBC's Steve Liesman provides insight on how higher interest rates will likely impact the Fed's decision on tapering. Also, Randy Kroszner explains why he is expecting the Fed to "step down and pause," not taper.