Simon Rabinovich: The U.S. housing market is to what a large extent precipitated the global financial crisis two decades ago. He says it's becoming crucial bellwether of how the economy is performing amid higher interest rates. And while Chairman Powell says he expects housing inflation to decline, if it doesn't, the Fed may take action, raising interest ratesHigher and more often could pinch homebuyers and much of America's economy in coming months.
Economists and politicians around the world are consumed with one question: is the world headed for a recession, or a relatively soft landing? We’ll tell you what clues the American property market offers. Why China’s football team can’t seem to find its feet. And why rap lyrics are increasingly treated as confessions of guilt in American courts.
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