Recent economic indicators have sparked concerns among economists and investors about the possibility of a hard landing for the US economy. The concept of a 'soft landing,' where inflation cools off without a significant rise in unemployment, seemed within reach until the latest developments.
In July, the US unemployment rate rose to 4.3%, nearly one percentage point higher than at the beginning of the year. This unexpected increase has shifted the outlook towards a potential hard landing scenario, where inflation slows down at the expense of economic growth.
