Cooling Economy Cools Vibecession Fears

Despite a slowing job market, American economic sentiment is improving as inflation cools down. While job growth has slowed significantly since 2022 and job openings are declining, consumer and business confidence is rising. This positive shift comes as inflation, which surged to a 40-year high in 2022, has fallen back to near-normal levels. The stabilizing prices for essential goods and services, combined with the Federal Reserve`s likely move to cut interest rates, are contributing to a more optimistic economic outlook.