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Although at the moment there seems to be a healthy level of consumer spending, it may be of more concern if the housing slump continues or worsen.
The slouch in the housing industry is trepidation to the Federal Bank. They are addressing it by lowering interest rates multiple times now to address the growing concerns...
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The Federal Reserve’s proactive monetary policies have contained the problem to an extent by encouraging people to buy with the reduced interest rate. Although the signs are showing some relief for the worry of recession, it is still far too early to relax.
Works Cited
Kasler, Dale. "Housing Slump Hits Job Market: Less Work in Construction Fuels Unemployment Rise in State, City...
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