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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

Posted on AllSides April 11th, 2024
From The Left
Kenny Holston/The New York Times

America seemed headed for an economic fairy-tale ending in late 2023. The painfully rapid inflation that had kicked off in 2021 appeared to be cooling in earnest, and economic growth had begun to gradually moderate after a series of Federal Reserve interest rate increases.

But 2024 has brought a spate of surprises: The economy is expanding rapidly, job gains are unexpectedly strong and progress on inflation shows signs of stalling. That could add up to a very different conclusion.

Instead of the “soft landing” that many economists thought was underway...

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