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US economy, indeed, the global economy, is facing unprecedented times with inflation reaching 40 years high. The Fed, US central bank, continue to raise interest rates to contain this. However, it is causing newer challenges with sharp depreciation of exchange rate for most of the currencies vis-à-vis the dollar. On the other hand, the unemployment rate, an indicator of cooling down of economic activity, continues to remain at over 2-year low. So, where does the US economy stand and where it is headed? A brief attempt to make sense of that.
https://indiaeconomyandbusiness.com/making-sense-of-economic-developments-in-the-us/