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Bessent Claims US Housing Market in Recession Amid Federal Reserve Rate Policies

Investor David Bessent states that high interest rates set by the Federal Reserve (U.S. central bank) have pushed the housing market into a recession.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for setting monetary policy, including interest rates.
  • Recession: A significant decline in economic activity across the economy, lasting for an extended period.
  • Interest Rates: The cost of borrowing money, often set by central banks as part of monetary policy.