10/01/24

Is Soft Landing Optimism Just Wishful Thinking?

The US economy in 2023 has displayed remarkable resilience. Despite rapid federal funds rate hikes, a recession has been averted, at least for the time being. Core inflation has decreased from its peak without triggering widespread layoffs. Many sidelined workers have reentered the workforce, helping to balance supply and demand, and nominal wage growth has decelerated.

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