Being exactly what the U.S. economy needs, economic growth is on track to slow way down in the next couple of months.
According to AXIOS, if earlier projections of continued speedy growth were coming true, it would be mean rising, rather than falling, inflation pressures. The latest round of forecasts is more consistent with the economy downshifting toward normal. The bad news is that slower growth leaves the economy more vulnerable to recession, especially if some unlucky negative shocks show up. The good news is that it offers a possibility of falling inflation paired with lower, but still positive, growth.