A month of mixed news for the US economy. Most of us will be excited to see inflation dip under 3%, a 12 month low, and a strong indicator of near term interest rate cuts, especially with unemployment now up to 4.1%. Although the stock market was roughly flat after falling from new highs, interest rate cuts will likely spur a multi-year bull market; and I expect the first one to come by October, at the latest.
Despite the haters, America has beaten inflation and with the election coming up in November, you can expect the good news to continue.
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