America’s economy defies gloomy expectations

 While forecasts and public beliefs expected a slowing of the economy, the U.S. economy has been steadfast and has surpassed expectations. GDP growth has become stabilized as the latest quarterly numbers showcase a higher than expected annualized increase. Fears of high interest rates have led to worries in the U.S. economy; however, strong consumer spending, strong labor market, and historically low unemployment are the key factors supporting this resiliency. Core inflation is still above the Federal Reserve's target, yet it is appears to finally be steady and under control. Three rate cuts this year are expected due to this unexpected strength of the economy which will ease this tension. Interestingly, the slow job growths, as the article states, should be taken with the context of slower population growth. The American Enterprise Institute and Brookings Institution believe the net migration number to be between -500,000 and 100,000 significantly lower than the 2 million expectation.

https://www.economist.com/finance-and-economics/2025/09/14/americas-economy-defies-gloomy-expectations