Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.
The recession that many Americans fear is coming is not"at all imminent," Treasury Secretary Janet Yellen said Sunday.
Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter it. On Wednesday, the Fed announced a 75 basis point interest rate hike, its largest since 1994. Fed Chair Jerome Powell also indicated the Federal Open Market Committee's intent to continue its aggressive path of monetary policy tightening in order to rein in inflation.
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Homebuyers feeling inflation squeeze as US 'headed for recession,' Redfin CEO warnsRedfin CEO Glenn Kelman provides insight into how inflation is deeply impacting the housing market and why he laid off 8% of workers in his company.
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