Economy Shows Signs Of Cooling But Outlook Remains Positive

Economy Shows Signs Of Cooling But Outlook Remains Positive

The economy is showing signs of cooling, with key indicators like business investment, job openings, and hiring rates declining from their previous highs. While mortgage rates near 7% are impacting home sales, consumer finances remain stable despite rising debt levels. Despite a softening outlook, job growth continues and strong consumer spending suggests a resilient economic foundation. Source and details of the news

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