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A mid-year assessment for the U.S. economy

Posted on AllSides July 3rd, 2023
From The Left
Illustration: Annelise Capossela/Axios

Gloom-and-doom pessimists who predicted 2023 would be a year of economic misery have been wrong (at least as the second half gets underway). Those who predicted a gradual rebalancing with limited pain have been right.

Why it matters: Things could obviously go wrong in any number of ways from here, but so far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

That said, it has been slower than ideal, with inflation still tracking well above what most...

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