Recession Risk: Moody's Economist Sounds the Alarm

Is a recession on the horizon? A top economist is sounding the alarm, pegging the chances of an economic downturn at nearly 50%! Plunging residential building permits are the culprit, signaling a potential slowdown as unsold homes rise and builders halt new projects. Will the Federal Reserve intervene with a rate cut to avert disaster? All eyes are on the upcoming housing report, which could make or break the economy's fate. Hosted on Acast. See acast.com/privacy for more information.