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The Fed says this indicator signals a coming recession. Did it just start flashing red?

Quick ReadU.S. housing starts crashed 15.4% in May to 1.18 million units, their lowest since pandemic-era 2020, triggering the Fed's closely watched recession warning indicator.Multifamily starts ...

Bloomberg's chief economist shares why there's a 70% chance the US economy is recession-bound — and warns a stock-market sell-off could sink consumer spending

"I don't think we have tested the resiliency of the consumer," says Bloomberg's Anna Wong.