The data highlighted a stronger than expected US consumer as the Fed debates their next move.
Steady household spending and record high credit card debt held by Americans reveals an uncertain post-pandemic consumer landscape.
As the yield curve on US Treasury's widens to levels not seen in several decades, economists are still split on whether the soft landing is possible, but the Fed still
Most economists agree that inflation has peaked and recession is all but inevitable. The question is now whether the soft landing can materialize the way the Fed envisioned.