US housing market is in recession, pandemic fueled inflation: Sonders

" where some sectors are booming and others are slowing sharply. They've also fueled historic inflation and created a tough backdrop for stocks, she said.

The upshot was that many Americans ended up with lots of spare cash and little to spend it on, which Sonders described as"the breeding ground for the inflation problem." Sonders framed the pandemic as an unprecedented shock to the system that had unique consequences. As a result, she cautioned against relying on past economic cycles to gauge the risk of a recession, or to chart the future path of Fed policy.

Keep raising rates Powell. It'll get even worse. No one wants to buy.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The US housing market is short 6.5 million homes | CNN BusinessThe United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth, according to a new analysis from Realtor.com released Wednesday. They definitely mean government housing. Wut?
Source: CNN - 🏆 4. / 95 Read more »

Canada's rental housing market lags the U.S. and that's causing a lot of problemsCanada's rental housing market lags the U.S. and that's causing a lot of problems — via financialpost
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

Nobel economist Paul Krugman is confused by US inflation, job marketNobel laureate Paul Krugman says he's confused by the current US economy - and predicts the Fed will keep fighting inflation until it's clearly won go back and read all the wrong predictions he made about trump's economy. the faker. paulkrugman Lógico es el mandato de la FED Or, until the entire house of cards collapses.
Source: BusinessInsider - 🏆 729. / 51 Read more »