Is the “vibecession” coming to an end? The term “vibecession” describes the gap between actual economic performance and public sentiment about financial well-being—Americans have been feeling negatively about the economy, even if it was improving. But recent evidence indicates that this negative perception may be fading to be more in line with the actual state of the economy, according to Michael Pearce, deputy chief U.S. Economist at Oxford Economics. As the Federal Reserve is expected to soon lower interest rates, Goldman Sachs even lowered the likelihood of an economic downturn from 25% to 20%. So, though inflation concerns remain significant for Americans, consumer spending is strong, and confidence seems to be improving to match.(CNBC)
📊 YPulse data: 78% of 13-39-year-olds agree, “I didn’t expect the cost of living to increase as much as it did last year”
