Americans Prefer Cooling Economy as Inflation Eases

Despite a slowing job market, American economic sentiment is improving as inflation recedes. While job growth has slowed significantly and job openings have decreased, consumer and business confidence is rising, reflected in positive trends in sentiment indices and capital spending. This optimism stems from easing inflation, which has fallen significantly from its peak in 2022. Consumers, relieved by stabilizing prices for essential goods and services, are feeling more positive about the economic outlook. This scenario, characterized by moderate growth, low unemployment, and easing inflation, presents a favorable backdrop for the incumbent Democratic party in the upcoming election.