US economy essentially strong in spite of stock market plummet
A wave of fear about inflation and higher interest levels has sent stock market prices tumbling and raised concerns about corporate profits. Upon Monday, a plunge of over 1, 100 factors in the Dow Roberts professional average capped 2 days of losses which may have erased the stock market’s gains for the yr. This article US economy essentially strong in spite of stock market plummets explore all the possibilities of US economy.
Yet the rush of anxiety has obscured a significant fact about the Circumstance. S. economy: It’s healthy.
Nearly nine years in the expansion that followed the fantastic Recession, the job market is strong. So is housing. Consumer confidence is solid, and manufacturing is rebounding. Households and businesses are spending freely. Personal debt has lightened since the financial crisis a decade ago. And major economies around the world are growing in a duo.
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