State of the Economy: Assessing the Soft Landing

Despite conflicting signals and a constant stream of online opinions, there is growing optimism about a soft landing for the economy. The labor market remains strong, with unemployment below 4% for two years and the creation of 2.7 million jobs in the past year alone. Wage growth has exceeded inflation, providing households with extra spending power. However, consumer sentiment and concerns about the quality of jobs and housing affordability still persist. As the economy continues to evolve, it is clear that the journey towards a soft landing will require ongoing monitoring and adjustments.