Inflation has come down and we have not yet had a recession, right? Unemployment is still low. And so nothing that has happened so far is inconsistent with that happy outcome. I think that right now, the things that have been happening are broadly speaking, theThings that we want to see. Lots of things that could go wrong, but they haven't gone wrong yet.
The typical sales price of an existing family home in the United States in December: 372,700. The number of layoffs in the tech sector since the beginning of the year: 76,000. The number by which consumer spending fell in December: 0.2 percent. The increase in the cost of the same kind of carton of eggs bought by an editor on “The Daily” a year apart: 251 percent.
What do these numbers tell us about the state of the country’s economy?
Guest: Ben Casselman, an economics and business reporter for The New York Times.
Background reading:
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