Cooling Economy Cools American Economic Anxieties

Despite a slowing job market, American economic sentiment is improving as inflation eases. While job growth has slowed significantly and job openings have decreased, consumer and business confidence is rising, with positive expectations for future economic conditions and spending. This optimism is attributed to declining inflation, which peaked at a 40-year high in 2022 but has recently returned to near-normal levels. The Federal Reserve is expected to respond to this positive economic shift by gradually lowering interest rates, further boosting consumer sentiment.