The Economy May Have Stuck the Soft Landing

“The vital signs of the American economy are pointing in the same, favorable direction more convincingly than at any point since before the pandemic. Inflation is falling. The labor market is holding. Growth has been solid,” the Wall Street Journal reports.

“It is a snapshot, not a verdict—but it is the closest the economy has come to achieving a soft landing, a moderation in inflation without recession. Just four years ago, many economists said that was impossible. This past April, as the economy closed in on a soft landing, steep tariffs had forecasters bracing for a new surge in inflation.”

“Now, it again looks plausible that inflation could return to the Federal Reserve’s 2% goal without a recession.”

Axios: The Goldilocks economy, if you don’t look too close.