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USA recession alert predicts 50 percent chance of financial crash | US | News

The US has been under threat of a recession over the last year but economists have recently revised their predictions.

United statesJan hatziusCarlos herreraJulia coronadoGoldman sachsBusiness conditionsMarket committeeNational association of business economicsMacropolicy perspectivesNational associationBusiness economicsConditions surveyConditions survey chair carlos herreraCoca cola north americaFederal open market committeeRecession warning

Existing home sales fall as owners hold on to lower mortgage rates

Sales of existing homes declined in June, down 18.9% from the year before.

United statesChris rupkeyLawrence yunFreddie macCensus bureauFederal reserveNational association of realtorsNational associationAre mortgage rates risingExisting home salesFed rate hikesHome pricesHousing marketHousing pricesHousing startsNew home sales

Multifamily construction hits record in May as hope for housing market grows

The number of multifamily units under construction hit a record in May of 994,000, a surge in supply that should help lower rent pressures.

United statesAlicia hueyPeter esseleFreddie macNational association of home buildersFederal reserveCensus bureauCommonwealth financial networkCommonwealth financialNational associationHome buildersCensus housing numbersHousing market reboundHousing recessionHousing startsMay housing numbers

Economy added 339,000 new jobs in May despite Fed rate hikes, unemployment at 3 7%

The economy crushed expectations in May and added another 339,000 jobs, showing labor market fortitude despite the Federal Reserve’s rate hiking.

Rubeela farooqiJoe bidenFreddie macFederal reserveBureau of labor statisticsSilicon valley bankLabor statisticsHigh frequencyPresident joe bidenBiden jobsEconomy mayJobs numbersMay jobs reportMay unemploymentRecession oddsUnemployment rate

Inflation rose to 4 4% in April, according to key gauge watched by Fed

Inflation unexpectedly rose to a 4.4% annual rate in April, as measured by the gauge favored by the Federal Reserve.

Gus faucherSilicon valley bankMarket committeeGroup fedwatchBureau of labor statisticsFederal reserveBureau of economic analysisEconomic analysisRyan sweetLabor statisticsFederal open market committeeEconomist gus faucherApril inflation numbersBiden inflationCpi ppi pceFed inflation

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