U.S. economy suddenly seems on track for fabled soft landing: 2% inflation without a recession

Core Insights - The article emphasizes that the current healthy labor market and cooling inflation reduce the immediate need for interest-rate cuts [1] Labor Market - The labor market remains robust, indicating strong employment figures and job growth, which supports consumer spending and economic stability [1] - Unemployment rates are low, contributing to a positive economic outlook [1] Inflation Trends - Inflation is showing signs of cooling, which alleviates pressure on the Federal Reserve to implement aggressive interest-rate cuts [1] - The moderation in inflation rates suggests that the economy may be stabilizing, allowing for a more measured approach to monetary policy [1]