One of the persistent storylines of the last six months or so is the clash between Americans feeling pessimistic about the economy, and the reality of the actual (booming) economy. But that tale may be about to enter a new chapter.
The big picture: We're at a pivot point in this bad vibe era as the Federal Reserve moves to for-real put the brakes on the economy — which could cool off the era's signature hot labor market. Next week the Fed will likely hike rates by a half-percentage point.
