sinardaily.my on Nostr: What is behind the US economy's surprising strength? ========== Low unemployment, ...
What is behind the US economy's surprising strength?
==========
Low unemployment, wage growth, and hiring have underpinned consumers' willingness to spend. The value of talent has shifted, leading to more resilience in the labor market. Non-cyclical government, healthcare, and education sectors have propelled employment growth. Declining inflation and rising purchasing power are fueling strong consumer spending. Government measures, including economic aid and infrastructure spending, have provided inflationary pressures. Fiscal policy has boosted business investment despite rate hikes. The economy has benefited from low interest rates and consumers locking in low mortgage rates. The impact of rate hikes takes time to flow through the economy. The outlook for this year remains positive with interest rate cuts on the horizon. A National Association for Business Economics survey shows that only a quarter of respondents believe a recession will occur in 2024.
#UsEconomy #Unemployment #WageGrowth #Hiring #ConsumerSpending #Talent #LaborMarket #GovernmentMeasures #Inflation #InterestRates #BusinessInvestment
https://www.sinardaily.my/article/215548/what-is-behind-the-us-economys-surprising-strength
==========
Low unemployment, wage growth, and hiring have underpinned consumers' willingness to spend. The value of talent has shifted, leading to more resilience in the labor market. Non-cyclical government, healthcare, and education sectors have propelled employment growth. Declining inflation and rising purchasing power are fueling strong consumer spending. Government measures, including economic aid and infrastructure spending, have provided inflationary pressures. Fiscal policy has boosted business investment despite rate hikes. The economy has benefited from low interest rates and consumers locking in low mortgage rates. The impact of rate hikes takes time to flow through the economy. The outlook for this year remains positive with interest rate cuts on the horizon. A National Association for Business Economics survey shows that only a quarter of respondents believe a recession will occur in 2024.
#UsEconomy #Unemployment #WageGrowth #Hiring #ConsumerSpending #Talent #LaborMarket #GovernmentMeasures #Inflation #InterestRates #BusinessInvestment
https://www.sinardaily.my/article/215548/what-is-behind-the-us-economys-surprising-strength