Despite dire predictions of a widely expected recession in the U.S., the economy for now remains strong. Americans are contending with inflation and rising interest rates, worried about tech industry layoffs in particular, and feeling little confidence about where the economy is headed. Among CEOs, confidence is even worse.
Yet, as gloomy as the mood is, the economy is strong on many fronts and there’s a distinct possibility of a “soft landing,” as the Biden administration is quick to remind Americans. Brian Deese, top economic adviser to President Joe Biden, said last month U.S. economy has enough “strength and resilience” to shield it from a recession.
