The American economy is in good shape, with consumer spending and a strong labor market leading analysts to believe that central bankers can afford to wait before making any decisions to reduce benchmark interest rates. Despite concerns about a potential tech bubble fueled by artificial intelligence, traders are continuing to push stocks higher. The S&P 500 hit a record high this week, closing out a quarter with a market surge of over 10%. Fed Chair Jerome Powell emphasized the need to not rush into rate cuts during a recent speech, citing solid growth as a reason to exercise caution. Despite underlying inflation cooling in February, Powell remains confident in the strength of the US economy.
Record Highs and Rates: A Look at the American Economy’s Steady Performance Amidst Market Fluctuations
