Washington, DC CNN —
Americans are on the verge of living through a historic economic event: inflation fully returning to normal — after a series of punishing interest rate hikes — without a recession. It’s a scenario that analysts refer to as a “soft landing.”
The substantial progress seen so far may be due to a recent burst of productivity growth.
Last year’s strong US productivity meant that workers raked in strong wage gains without employers having to pass on the buck to consumers, at least to a large degree, since they were producing enough in
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