Real GDP Rises 2.8 Percent in Advance Estimate, What About Recession?
GDP rose 2.8 percent in the BEA’s 2024 Q2 advance estimate. The real final sales estimate is 2.0 percent. Expect major negative revisions. »
US new home sales fall to seven-month low in June
Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that »
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Dudley Changes His Mind, Says “Fed Needs to Cut Rate Now” to Avoid Recession
Citing the McKelvey recession indicator, former NY Fed President Bill Dudley, wants the Fed to cut rates now. It’s too late Bill, recession has started. »