The U.S. Economy’s Soft Spots

Punchbowl News: “It’s been a cheery few months for the U.S. economy. Growth is solid, inflation is down — there will be more to say on this issue later in the week — and unemployment is holding steady at low rates not seen since the 1960s. The stock market and manufacturing investment are both way up.”

“‘Bidenomics’ may not be ‘It’s morning again in America,’ but it ain’t bad.”

“Yet the past week has also made clear the financial system propping up that economy is facing some serious stress.