10-30-2024, 05:01 PM
CNN chimes in:
comes after the economy added a whopping 254,000 jobs in September, inflation is a whisper away from the Federal Reserve’s 2% target and consumer sentiment jumped this month by the fastest clip since March 2021, according to The Conference Board — all signs of a robust economy.
“I think we should declare a soft landing now,” said James Bullard, former president of the Federal Reserve Bank of St. Louis, in an interview with CNN earlier this month.
What "landing"? Is it really a "landing" if it's so soft hardly anyone felt the bump (at least in regards to GDP and employment)?
Some more headlines:
Politico:
`Surprisingly strong': Economy shows robust growth in final report before election
The rise in the GDP is far from the expectations of many economists from earlier this year, many of whom had predicted a recession during the election year.
Reuters:
US economy seen shining on election eve amid robust consumer spending
LA Times:
U.S. economic growth remains impressive. It’s the envy of the world, except at home
...and just so no one accuses me of residing in my leftist bubble,
Faux Business:
US economy grew 2.8% in the third quarter, slower than expected
Well, I suppose so - depending on who you read, this first estimate was 0.1 or 0.2% below analysts average prediction
(Debbie Downer)