What indicators are there the economy is cooling? Genuinely asking because I thought we just got a great report about economic growth at 5.2%, which is the fastest quarterly rate in 2 years. I know the interest rates are high, but people are still spending.
Us job growth is down, inflation is down, jobless claims up, consumer spending down…pretty much every indicator over the past few weeks has showed the economy cooling. The 3rd quarter ended in September.
What indicators are there the economy is cooling? Genuinely asking because I thought we just got a great report about economic growth at 5.2%, which is the fastest quarterly rate in 2 years. I know the interest rates are high, but people are still spending.
Us job growth is down, inflation is down, jobless claims up, consumer spending down…pretty much every indicator over the past few weeks has showed the economy cooling. The 3rd quarter ended in September.