Cooling Economy Cools Inflation, Boosts American Sentiment

Despite a slowing job market, American economic sentiment is improving as inflation cools down. 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 positive shift in sentiment is likely attributed to easing inflation, which has fallen significantly from its peak in 2022. Consumers are experiencing relief as prices for essential goods and services stabilize, leading to increased optimism about the economy.