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A soft landing is now likely. But Americans will still deal with unaffordable housing
After yet another remarkable jobs report showing that America’s job market is still firing on all cylinders, the flashing runway the Federal Reserve needs to land the plane ever so gently is now in clear view. The US economy is on the cusp of going through something thought to be nearly impossible: Inflation slowing to the central bank’s 2% target, after a spate of 11 rate hikes, without triggering mass job losses.
After yet another remarkable jobs report showing that America’s job market is still firing on all cylinders, the flashing runway the Federal Reserve needs to land the plane ever so gently is now in clear view. The US economy is on the cusp of going through something thought to be nearly impossible: Inflation slowing to the central bank’s 2% target, after a spate of 11 rate hikes, without triggering mass job losses. Read More Breaking News, Latest News and Videos | CNN