Scott Bessent has declared that the US housing market is currently in a “recession,” attributing this downturn to the Federal Reserve’s interest rate policies. He emphasized that the elevated rates ...

At a glance, first quarter GDP was a flashing red warning light, as the economy contracted at an annualized rate of 0.5%. Under the hood, the details were more encouraging: The decrease reflected ...

The US spent much of the past two years bracing for a downturn that never arrived. Instead of the contraction many analysts saw as inevitable, growth has accelerated, job losses have been limited, and ...