A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — Americans today need to realize that efforts to tame runaway inflation, while arguably necessary, have real consequences that can hurt. A lot. There was a time not too long ago when: […]
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The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and […]
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Editor’s Note: This story was adapted from the July 25 edition of CNN’s Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe. CNN — Every week is a tough week for this White House right now. But as he recovers from his Covid-19 infection, […]
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This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets. At the root of this torment is a force so elemental that it has almost ceased to warrant mention — the pandemic. That force is far from […]
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Investor concerns that the US economy is overheating are giving way to recession jitters as analysts fret the Federal Reserve could stifle growth with its rapid tightening of monetary policy. Markets are pricing in an aggressive path for Fed rate rises in the coming months while also signalling expectations that the central bank will then […]
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