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The U.S. Economy Has Made a Soft Landing

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“JPMorgan Chase said the U.S. economy remains strong for both consumers and big companies, a sign that the Federal Reserve may have achieved the much-discussed soft landing with lower inflation and healthy growth,” the Wall Street Journal reports.

“The biggest bank in the country continued to earn more than expected on lending in the third quarter and raised forecasts of what it will earn this year, even after the Fed recently cut interest rates for the first time in four years. Executives said consumers continued to spend and big businesses are confident, the kind of economy the Fed had been hoping to engineer.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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