A strong U.S. economy was in the spotlight this week as the Federal Reserve Chair held a press conference and highlighted how healthy it is. However, some investors, business people, and other Americans watching probably felt that the economy is experiencing more trouble than the data suggests. This is because there is a mixed view between economic indicators and public sentiment.
The divided view has multiple explanations, some of which The Wall Street Journal explored in an article titled Economic Data Paint a Picture of Two Americas. Borrowing insight from the article and comments made by Fed Chair Powell helps us better understand the peculiar economy and sheds light on this phenomenon.
Surprising Job Growth amid Weak Economic Reports
Recent economic data has been full of surprises. The Labor Department reported an addition of 272,000 jobs in May, significantly…
