2022 Recession
From EverybodyWiki Bios & Wiki
| Date | July 2022 – present |
|---|---|
| Location | United States |
| Cause |
|
A series of events triggered by shockwaves from the 2020 COVID recession, including the overvaluation of companies, the housing market, supply chain restrains, the highest inflation since the 1980's from over-stimulating the economy, and tightening monetary policy, caused the beginning of a recession in the United States by one unofficial measure.
References[edit]
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- ↑ U.S. Census Bureau; U.S. Department of Housing and Urban Development (1963-01-01). "Average Sales Price of Houses Sold for the United States". FRED, Federal Reserve Bank of St. Louis. Retrieved 2022-07-28.
- ↑ Cox, Jeff. "Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify". CNBC. Retrieved 2022-07-28.
- ↑ Business, Nicole Goodkind, CNN. "Fed makes history with second massive rate hike in as many months". CNN. Retrieved 2022-07-28.
- ↑ "US economy shrinks in second quarter, signaling unofficial start of recession". the Guardian. 2022-07-28. Retrieved 2022-07-28.
