US Economy Shows Resilience Despite Inflation Concerns

GDP, inflation, and unemployment data show a mixed picture of the US economy, with GDP and unemployment looking positive but inflation spiking.

Americans are spending a smaller percentage of disposable income on debt payments compared to pre-pandemic, despite higher debt loads.

Delinquency rates on most types of debt remain near historic lows, with the exception of credit cards.

Consumers are saving less and seeing lower incomes, while corporate profits are rising - companies are pocketing the economic gains.

Recommendations are to remain invested in US stocks and bonds, screening for quality companies, and using currency-hedged international exposure.