US economy shows resilience, despite Americans’ pessimism

US economy shows resilience, despite Americans’ pessimism

Recent economic data offered a buoyant picture of the US economy, even if many Americans remain pessimistic. Friday’s inflation report, which indicated that prices were 2.5% higher in January compared to the previous year, suggested it was plausible for inflation to get to the Federal Reserve’s 2% target without inducing a recession, an achievement many economists thought “impossible” a few years ago, The Wall Street Journal reported. Employment…