Housing market turmoil, deeper U.S recession pose threats too
Most economists expect a continued slowdown in Q1
Auto, gas, department store sales down
The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods
Prices down 0.1% month over month as cost of gas, used autos decline
As inflation eases, optimism rises
A tentative trial date of Oct. 2 has been set
A jump in layoffs and unemployment claims would be an early sign of recession
The result was unexpectedly strong amid inflation and rising interest rates
Many Americans are digging into their savings to maintain the same level of spending