The United States GDP grew 8.2 percent from the end of 2019 to the end of 2023. Yet for many Americans you can barely even feel it. Prices are up across the board from everyday essentials like groceries all the way to the finer things in life like entertainment, luxury etc. Despite the indicators that our economy is growing it’s just hard to see from the perspective of the average American. It seems many of us have cut back despite what the economy is displaying to us all. What a weird time to be alive.
There’s currently no end in sight for the inflation, at least it feels that way. Yet, reports are coming in it IS actually finally coming down.
However, even with all this recent news and indications I highly doubt it’ll have very little, if any, impact on the Fed when it comes to lowering interest rates. So there will be no immediate impact for most Americans. The news comes at a much needed time but truly only time will tell if we can stay the coarse and come out on top once again.
