We're on track for a soft economic landing, but it still feels like the economy stinks
==========

The US economy is on track for a soft economic landing, with recent data showing inflation and the labor market cooling. However, many Americans still feel that the economy is not improving due to inflation levels still being above pre-pandemic levels and a slowing job market. Interest-rate cuts, which could come as soon as September, may help improve the situation. Former Fed economist Claudia Sahm believes the Fed is the biggest risk to a soft landing. Despite the positive signs, some experts, such as French bank SocGen and UBS, still see red flags and predict a potential downturn. In other news, another company has joined the $3 trillion club, Jack Dorsey donated $10 million to a Twitter alternative, and a new NBA deal could affect NBC and Peacock shows.

#UsEconomy #SoftEconomicLanding #Inflation #LaborMarket #InterestRates #JobMarket #Fed #Recession #StockMarket #Nvidia #JackDorsey #Nba

https://www.businessinsider.com/soft-landing-economy-us-on-track-data-cooling-interest-rates-2024-6