Is the Economy in for a ‘Soft Landing?’
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Is the Economy in for a ‘Soft Landing?’
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Americans have suffered under inflation for some time now. Is it all finally coming to an end?
From MarketWatch. The numbers: The U.S. economy got off to a good start as growth sped up in January a pair of S&P business surveys showed, indicating a recession still appears far off.
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The S&P flash U.S. services PMI climbed to a seven-month high of 52.9 in January from 51.4 in the prior month, S&P said Wednesday.
The flash U.S. manufacturing PMI, meanwhile, jumped to a 15-month high of 50.3 this month from 48.2 in December. … Numbers above 50 signal growth in the economy. …
Big picture: The U.S. economy softened toward the end of 2023, but it still appeared to grow at a reasonably healthy pace.
Gross domestic product, the official scorecard for the economy, is estimated to have expanded at a 2% pace in the fourth quarter. …
The Fed might even be on the cusp of achieving a fabled “soft landing” — bringing down inflation through higher interest rates without a recession or big increase in unemployment. …
The one negative: Production fell at manufacturers focused on reducing excess inventories.
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(Excerpt from MarketWatch. Photo Credit: Burst/Pexels via Canva Pro)
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Father I know we live according to our economy in the earth but since we are seated with you in heavenly places. I know that you see things we can’t see, help us in this time of need that is effecting many people in our nation, both young and old. IJN