Be Well: Assessing the State of the Economy With Marty Cantor
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the state of the economy as the latest economic data revealed that inflation slowed in May. Cantor said despite the cooling period, inflation continues to be a thorn in the side of the U.S. economy.
The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation.