The job market is strong, but layoffs are happening. Businesses are pessimistic, but consumers are still spending.
If you’re having a hard time figuring out this economy, you’re not alone, Axios reports, it’s sending all sorts of mixed signals. Depending on where you look, the current national economy might be nowhere near as bad as people say—or appear as if we’re heading for a total face-plant.
However, much of what seems today like conflicting or inconsistent data could simply be the result of an economy on the brink of change.
“As people learned to live with COVID-19 and prove resilient so far to higher prices at the checkout stand, economic momentum will likely protect the U.S economy this year,” says S&P Global Ratings U.S. chief economist Beth Ann Bovino. “What’s around the bend in 2023 is the bigger worry.” Read the full story from Axios.
