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If the federal government fails to pay all of its obligations, U.S. could lose 6 million jobs, $12 trillion in household wealth and 4% of gross domestic product (GDP).
While it is hoped that raising rates will bring down inflation, there is concern that these efforts will cause the eurozone to enter a recession.
The U.S. housing market has changed markedly. Homebuilder sentiment is at the worst level since the early days of the pandemic.
Expected growth in interest costs represents a huge threat to Americans’ economic future.
Federal Reserve officials worry that our job market is overheated. They want to cool it off, but not so much that it causes unemployment to skyrocket