Goldman Sachs economists raise ‘limited’ risk of US recession to 25% chance: report
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Goldman Sachs economists raise ‘limited’ risk of US recession to 25% chance: report

ByNews Polite

Economists at Goldman Sachs raised the likelihood of the US economy slipping into a recession within the next 12 months from 15% to 25% while continuing to view the risk of recession as limited, according to a report. Goldman economists led by Jan Hatzius, the firm’s chief economist and head of global…

US home price plunge is ‘just beginning’ as housing market rapidly cools: economist
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US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

ByNews Polite

A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from Pantheon Macroeconomics chief economist Ian Shepherdson followed more dismal data that showed a slowdown in housing activity. Pending home sales…

Consumer prices — a key inflation gauge — hotter than expected in August
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Consumer prices — a key inflation gauge — hotter than expected in August

ByNews Polite

A key inflation indicator showed higher-than-expected increases in core prices in August, adding more pressure on the Federal Reserve to act despite the risk of a deeper recession. Consumer prices increased by 6.2% in August compared to the same month one year ago, according to the Commerce Department’s Personal Consumption…