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The U.S. housing market is teetering on recession. Will the economy soon follow?

The U.S. housing market is teetering on recession. Will the economy soon follow?

The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undoubtedly going to hurt the economy. Single-family home construction fell to a 1 million annual pace rate in May from a …

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The Fed Can’t Fix What’s Driving Inflation. But It Can Start a Recession.

The Fed Can’t Fix What’s Driving Inflation. But It Can Start a Recession.

Text size “Wages are not principally responsible for the inflation we’re seeing,” Federal Reserve Chairman Jerome Powell said Wednesday. Kevin Dietsch/Getty Images About the author: J.W. Mason is a professor of economics at John Jay College, City University of New York, and a fellow at the Roosevelt Institute. To careful listeners, there was something tragic …

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