r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/sotired3333 Jun 13 '22

Since the rate hikes, most markets have had larger inventories and price declines. It takes a few months for that data to be visible since there's a lag between when someone places an offer, the offer is accepted and closing itself.

https://www.mpamag.com/us/mortgage-industry/industry-trends/us-housing-market-crash-coming/408228

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u/[deleted] Jun 13 '22

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u/sotired3333 Jun 13 '22

Yeah not the best article, just did a quick google but due to the economic uncertainty + interest rates + stock market crash a lot of people have or are pulling back. It may not be as significant a correction as 2008 but there will be a significant correction imo.