US Economy Offering Mixed Signals

The American economy showed mixed signals in March, with Commerce Department data showing 12-month inflation reaching 3.2% while the Labor Department reported jobless claims totaling 189,000, seasonally adjusted, the lowest reading since September 1969. “This is a split-screen economy. Companies and investors involved in AI are on fire. Meanwhile, middle and moderate income households are struggling with high gas prices and inflation that’s back at the hottest level in three years,” said economist Heather Long (more).