Economics
Charting the Global Economy: US Soft Landing Case Grows Stronger
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US inflation cooled even as the job market remained resilient, bolstering the case that the Federal Reserve can accomplish a soft landing for the economy.
The central bank’s preferred underlying inflation metric posted the smallest back-to-back increases since late 2020, encouraging a boost in consumer spending. A separate report showed employers added more jobs than forecast in August while wage growth cooled.