Brian Coulton: Very good question. And this is something that we got wrong, and almost the entire market got wrong, to be honest. There was a widespread consensus at the start of 2023 that the U.S. economy slowed down very sharply and probably going into a technical recession (which) w...
Brian Coulton: Very good question. And this is something that we got wrong, and almost the entire market got wrong, to be honest. There was a widespread consensus at the start of 2023 that the U.S. economy slowed down very sharply and probably going into a technical recession (which) w...
Economy to slow in 2024, economists see 50% recession odds: NABE TheU.S. economy, which is on pace to grow 5.2% in the third quarter, is heading for a sharp slowdown next year, according to the nation’s leading economists. "The NABE [National Association of Business Economics] Outloo...
It seems like a recession has been looming for more than a year now. Some say it's going on, some say it's on the horizon and others say it's yet to come. But the data shows the economy has been relatively good for the past couple of years. But people's perception of the econo...
And in some senses, that helps explain why the prime minister has called the election at this point. This morning we just learned that the annual rate of inflation is down to 2.3% - the lowest since 2021. The economy is now out of recession, with stronger-than-expected growth of 0.6%....
economy, they are far from suggesting a recession or catastrophic situation. Instead, the outlook leans more towards a soft landing. I think Powell will reassure the market by guiding expectations in this direction, reinforcing the view that the U.S. will continue on the trajectory we have ...
Biden at times couldn't resist criticizing Donald Trump — but made sure to focus only on Trump himself, mocking the former president's claims of "infrastructure week" and predictions from Trump and others that the economy under Biden would go into recession. "Reme...
Since the Federal Reserve has neared its goal of 2% inflation (it was 2.6% in June 2024), it may continue lowering interest rates to encourage borrowing and prevent another recession. Although Fed rate changes don’t directly impact mortgage rates, they do tend to track in the same direction...
The Money and Needs are There “Inflation peaked and is starting to ease up, but we’re seeing the stress on the construction industry which is usually the precursor for an economic turndown,” Kemmerich explains. “And while some people are seeing a risk for global recession, others say it...
That range narrowed in 2024, with a spread of 6.08% to 7.22%. Find your lowest mortgage rate. Start here With the economy possibly heading into a recession, we may have already seen the peak of this rate cycle. But if inflation rises, mortgage rates could uptrend. Of course, interest...