Reported about 2 months ago
The current state of America's economy is complex and often misinterpreted, with recent market anxieties sparked by single data points such as rising unemployment, despite overall economic stability. Consumer spending remains strong, driven by the public's inclination for retail therapy, while job growth has slowed under high interest rates. Housing costs continue to be a significant burden, with record high prices and tight supply. Although inflation is declining, high prices persist and pose challenges for many Americans.
Source: YAHOO