Confidence about the economy is in short supply despite a relatively solid job market
Economic confidence remains low despite a strong job market. Factors contributing to this sentiment include inflation, high interest rates, trade wars, and geopolitical tensions affecting gas prices.
The official numbers show that the U.S. job market has proven sturdy in the face of one shock after another – President Donald Trump’s trade wars, persistent inflation, high interest rates, a conflict with Iran that has sent gasoline prices rocketing and squeezed family budgets.
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