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Fears of a U.S. recession moved from the worry stage to the reality stage late last week, according to a Federal Reserve tracker that says the recession has already begun. See: 10 Things You Should...
The latest data cheered Wall Street and helped boost the S&P 500 by more than 2%. Economists and investors, meanwhile, are focused on the Federal Reserve's next rate decision meeting on September 18.
The U.S. economy grew faster than previously reported in Q2 2024 as consumers spent more than expected on goods and services in the three months ended June 30.
The United States Census Bureau uses their Household Pulse Survey [44] to gather data on both monthly rent and mortgage payments during the pandemic. For the week of July 16–21, 2020, 8,251,079 homeowners of owner-occupied housing units did not make their mortgage payment on time and 4,473,321 deferred their payments, out of 148,685,473 ...
Getty Images Last year's consensus was that the U.S. economy was headed for a recession, but that didn't happen. This year's consensus is that we'll have a soft landing, in which the economy slows ...
Since China is the second largest economy in the world and property makes up a large amount of their GDP, it threatens to destabilise the COVID-19 recession even further, especially considering China is currently deep within a housing bubble eclipsing the United States housing bubble that led to the previous global recession.
The Conference Board's index measuring US consumers' sentiments dropped 8.1 points to 104.7 in December, coming in under consensus expectations for an increase, the nonprofit think tank said on ...
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...