Posted 12/5/2023, 7:55:36 PM
Economy Shows Signs of Strength With Low Inflation, Robust GDP Growth, Falling Interest Rates, and Record Employment
- Inflation cooling down, within striking distance of Fed's 2% target
- Interest rates falling, meaning lower borrowing costs for businesses and consumers
- Economy remains healthy, with blistering 5.2% GDP growth in Q3
- Employment picture continues to be strong, with record 161 million people employed
- $6 trillion in cash on sidelines ready to invest if rates fall further