How Inflation and High Interest Rates Have Changed the Economy

Published On Sep 19, 2024, 5:03 AM

The article discusses the transition in the U.S. economy as inflation rates are cooling and the Federal Reserve begins to lower interest rates. While there are positive signs such as strong consumer spending and job growth, many Americans are still feeling the impacts of past inflation, including rising housing costs and persistent price increases for everyday goods. The article highlights the resilience of the economy amid these challenges but notes that the impact of the previous economic upheaval will be felt for some time to come.