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The US won’t officially be in recession if GDP shrinks again — and here’s why

Since 1948 the US economy has never shrunk for two quarters in a row without a recession being declared, but an exception to the rule could happen soon. Gross domestic product, the official scorecard for the economy, is on track to contract in the recently ended second quarter. GDP also declined at a 1.6% annual …

The US won’t officially be in recession if GDP shrinks again — and here’s why Read More »

Are markets underestimating how far the Fed must go to tame inflation?

The Federal Reserve isn’t even four months into its latest interest-rate-hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign that the market is bracing — or perhaps rather hoping — for a swift return to the easy-money monetary policy that helped drive the roaring stock …

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Here’s how far house prices are set to fall as rates go up, according to this forecasting firm

Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising US interest …

Here’s how far house prices are set to fall as rates go up, according to this forecasting firm Read More »

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise …

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now Read More »

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

Dr Copper has graded the global economy, and noted: “must do better.” The red metal is wryly considered by commodity watchers to hold a Ph.D in economics, because its use in a range of sectors, including home appliances, power generation and cars, helps it predict the trajectory of global growth. So, copper’s price initial drop …

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat Read More »

Will mortgage rates soon hit 7%? What economists and real estate pros say

Will mortgage rates rise? Getty Images/iStockphoto Mortgage rates have been on a steady climb upwards: While they started the year at around 3.5% for a 30-year fixed-rate mortgage, they’ve since climbed above 6%, Bankrate data shows. And some pros say that upward march could continue. (You can see the lowest rates you may qualify for …

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‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the …

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score? Read More »

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the …

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score? Read More »