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Fund managers said the rising cost of housing - which accounts for as much as a third or more of various measures of inflation and is outpacing other consumer cost increases - has revived price pressure in the economy. "TIPS have had a good tail wind this year.
Five-time champion Serena Williams reached her first Grand Slam quarter-final of 2014 at the US Open but Canadian poster girl Eugenie Bouchard, struggling in the heat and humidity, was knocked out. World number one Williams, the two-time defending champion, eased past world number 50 Kaia Kanepi 6-3, 6-3 on Monday for a fourth win over the Estonian and goes on to face fellow 32-year-old Flavia Pennetta of Italy in a clash of the two oldest remaining players in the draw. "It's my first quarter-final of the year at the majors -- at last I did it," said the American, who had fallen in the fourth round in Australia, the third round at Wimbledon and suffered a second round French Open exit. Seventh seeded Bouchard was at the centre of a medical drama on Louis Armstrong court when she had to have her blood pressure and temperature taken in her 7-6 (7/2), 6-4 defeat to Russian 17th seed Ekaterina Makarova.