The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

After years of high inflation and a looming recession that never quite happened, Americans are suddenly much more optimistic ...

Wealth effects played a key role in the precrisis drop and postcrisis surge in the household saving rate (see Chart 1). Asset prices ... declines in housing prices created financial difficulties, ...

Unemployment was rising, company profits were falling, financial markets were tumbling, and the housing sector collapsed. Is there a single word to describe these developments? Yes: “recession.” The ...

The gray areas on the chart reflect periods when the U.S. economy was in a recession ... conducted recently by the Securities Industry and Financial Markets Association's Economist Roundtable ...