00:00 Benzinga and here's what's on the block. Despite raising interest rates by a quarter
00:04 percentage point, data shows that inflation is slowing down and economic growth remains strong,
00:09 building optimism among economists and analysts about the Federal Reserve's ability to prevent
00:13 the United States from entering a recession. The U.S. Bureau of Economic Analysts reports
00:18 that inflation has cooled to 4.1 percent, the lowest since October 2021, and the U.S. economy
00:24 has grown 2.4 percent on the annualized basis in the second quarter, above economists' forecasts.
00:30 While the Fed aims for 2 percent inflation, some analysts suggest a softish landing near 2.6
00:35 or 2.7 percent inflation could be acceptable without causing significant job losses.
00:40 For all things money, visit Benzinga.com.
Comments