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The latest U.S. Consumer Price Index report shows inflation further dropping to 2.9%. This is the first time the figure has fallen below 3% in more than three years. Though this is good news, it’s not enough to offset the bleak U.S. employment report for July and an unemployment spike. Is a "soft landing" still possible? Why do most Americans say the economy is going in the wrong direction? And what are the main problems facing the U.S. that could influence the global economic landscape?
The latest U.S. Consumer Price Index report shows inflation further dropping to 2.9%. This is the first time the figure has fallen below 3% in more than three years. Though this is good news, it’s not enough to offset the bleak U.S. employment report for July and an unemployment spike. Is a "soft landing" still possible? Why do most Americans say the economy is going in the wrong direction? And what are the main problems facing the U.S. that could influence the global economic landscape?