Reported about 1 year ago
Many experts foresee a soft landing for the economy, with the Federal Reserve potentially easing inflation without triggering a recession. GDP growth for the second quarter is projected at 3%, but a slowdown in consumer spending poses a challenge. Inflation has slightly decreased to 3.3%, raising possibilities of interest rate cuts. While the stock market appears optimistic, some economists, like Paul Krugman and Saira Malik, express concerns about a potential economic slowdown and a recession, citing weakening consumer spending and high-interest rates as potential triggers.
Source: YAHOO