Reported 1 day ago
The U.S. economy is experiencing a slowdown in growth, with Federal Reserve Chair Jerome Powell noting that despite this moderation in growth and consumer spending, the overall economy remains healthy. Recent GDP projections have been lowered, but economists maintain that there are no clear signs of an imminent recession, with estimates for a downturn in the next year only slightly elevated at around 20%. While consumer sentiment has dipped, indicators such as retail sales and PMI data suggest the economy is still growing, albeit at a slower pace.
Source: YAHOO