- America’s economy is still robust but weakening.
- Consumers are still willing to spend their money, but they’re growing more cautious.
- Tariffs came in lower than President Donald Trump’s most aggressive threats, but they’re slowly adding to inflation as some prices creep higher again.
- Trump’s trade agreements may open up some foreign markets to US goods, but Americans are now paying higher taxes on imported goods today than they were yesterday.
- The reliable job market is become less of a sure bet, and employers may be more resistant to hiring than we previously believed.
- And you might not have to linger too long for that long-awaited interest-rate cut.
Confused about the economy? You’re not alone
Submitted 1 week ago by Pro@reddthat.com to economics@lemmy.world
https://lite.cnn.com/2025/08/01/business/economy-explained
naught101@lemmy.world 1 week ago
All the mainstream economists are too!