Experts say economy has pulled off remarkable feat seen only once before
Experts say economy has pulled off remarkable feat seen only once before
America's economy has just pulled off something for the history books - a 'soft landing'. Experts say this rare event has only happened once before - and it's promising news for both the job market and stock performance, offering a boost to 401(k)s. A soft landing occurs when runaway inflation is brought under control without tipping the economy into recession. Gross domestic product (GDP) - a measure of all the goods and services produced in the US - rose at an annual rate of 2.
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