Housing Finds Footing But US Still Mired In Recession

The U.S. housing sector may have finally found its footing while inflationary pressures remain muted, government reports released Tuesday showed. However, another steep decline in industrial output served as a sober reminder that even if the 18-month-old recession is losing some of its steam, it shows no sign of actually ending, and a return to rapid expansion is unlikely for many months at least.
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