- People are not satisfied with the economy, The basic data show signs of stress, according to 27 -year -old Sanklon, which is why you think we are not in another cabin. But it may be more complicated than the moment “you or not.”
It may return or not return to Vibecssion depending on who you are talking to. But the woman who drafted the term says it is not. This time, there is no separation between feelings and data, as the favorite economist of Gen Z Kyla Scanlon said luck.
She said: “The feelings of the consumer are terrible.” “People are not satisfied because the basic economic data show signs of stress.”
Scanlon was used for the first time “Vibecess” in the 2022 publication, but it made its tours in the press appear in outlets like the New York Timesand BloombergAnd luck. She has more than 750,000 followers via Tiktok, Instagram, X and YouTube and wrote a book entitled: “In this economy?” Scanlon recently appeared on Baron 100 women are most influential in the financial list, too.
Residents indicated what he called the weak labor market and continuous inflation. Labor market in a to stop Because there is not much employment or shooting. But in February, Unemployment He risen a little. So the labor market is stable, but there is some “stormy clouds” above, as an economist recently said. There is also evidence that the labor market softening. When it comes to inflation, consumer prices were cooled in February after they became more hot than the month before. The inflation was stubborn and did not fall into the central bank’s goal by 2 %, in addition to that some economists see the possibility of becoming hotter on the back of definitions and commercial wars.
Residents mentioned stagnation calls, too, when discussing the relationship between feelings and data – this is true: the financial world sees a greater chance of stagnation due to customs tariffs, commercial wars and uncertainty. Goldman Sachs, JPMorgan and Moody, the chief economist in a high -recession project for this year. But this is expected, and everyone still sees a less likely stagnation.
However, residents said: “What people feel is not just positive reactions … There is real data to support shrinkage.”
America slipped to a photographer under the management of Biden Harris, and when it was time to vote, the administration could not convince people that the economy was fine-although it was on paper. Residents do not see the current situation as a repetition of that. Currently, because residents believe that the data shows enough potential slowdown, “there is something that justifies the feeling.”
The data may be in line with feelings, because solid data is still somewhat solid and delayed data. But there is no doubt: Consumers don’t feel fine.
Wiping data from Michigan University open The consumer’s feeling decreased by 11 % in March because some Americans of all ages, wealth and political affiliation have become more concerned about the economy. They were concerned about their personal affairs, working conditions and the stock market. Feelings have decreased by 22 % since December 2024, the month that was followed by President Donald Trump. Not to mention that inflation forecast jumped to the highest reading since November 2022. The Vocational Services Company recently called this tension “preventive inflation anxiety” when detailing the cloudy consumer expectations.
Federal Reserve Chairman Jerome Powell, after the last federal reserve meeting, left interest rates without prejudice between 4.25 % and 4.5 %, Mentioned Solid data is strong, although some moderation in growth and spending and delayed progress in inflation that can be associated with definitions. He confessed soft data. Powell said the economy seemed healthy despite the feeling of decline.
LPL Senior Economists Jeffrey Roach as well Recently Low confidence in consumers and companies should not be ignored even if there is no recession yet.
“The change in feelings about economic background is often a harbinger of the coming things and precedes the decrease in consumer spending and business investment.”
This story was originally shown on Fortune.com
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