The positive inflow of economic data in recent weeks has fostered prospects of a ‘no landing’ scenario where the economy would continue to fly high without experiencing a recession or slowdown.
The nation’s hiring has chugged of late, with the Labor Department reporting that employers added a robust 517,000 jobs in January, which is more than 2.7 times increase than market expectations. Also, the unemployment rate decreased to a 53-year low of 3.4%, depicting strong labor market resilience.
