Cheap money was fueling the nation’s economy before the pandemic. But over the past year, the Federal Reserve has been aggressively raising interest rates in a so-far futile attempt to tame soaring inflation. Critics say the Fed is unnecessarily pushing the economy toward recession. Economist Loren Scott has predicted a shallow national recession next year,
A seismic shift in real estate
The days of cheap money and a frenzied post-pandemic real estate market are over as the cooling residential sector swings toward buyers—if they can afford the mortgage.
