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servermsh

(1,285 posts)
Thu Jul 25, 2024, 09:33 AM Jul 25

CNN: The US economy is pulling off something historic

The US economy is on the verge of an extremely rare achievement.

Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings.
...
America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the Fed’s target without a recession — a feat that’s only happened once, during the 1990s, according to some economists.


LINK: https://www.cnn.com/2024/07/25/economy/us-economy-gdp-second-quarter/index.html

This is just as smart economists like Paul Krugman predicted, contrasted with conservative loons predicting disaster.

Democratic policies work!

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