American economy

Here’s why Hispanic workers could face an outsized hit in a U.S. recession

Hunting | Handicap images | Getty Images Turbulent times may be ahead for Hispanic workers, according to a new report from Wells Fargo. The company expects Hispanic workers to take a disproportionate hit if a mild recession occurs in 2023, as it predicts. “The Hispanic unemployment rate tends to rise disproportionately relative to the national …

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Homeowners lose wealth as rising interest rates weigh on home values

A “For Sale” sign in front of a home in Albany, Calif., on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing their wealth as high mortgage rates weigh on home values, at least on paper, as the once-hot housing market cools rapidly. Sales have been slowing for …

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Economists are divided on the risk of a U.S. recession

Is the US economy showing no signs of recession or is it inevitably heading into a recession? Is it actually already in one? More than a month after the country experienced two successive quarters of economic contractionit always depends on who you ask. Steve Hanke, professor of applied economics at Johns Hopkins University, believes the …

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