Economy Cooling But Not Out of the Woods | Pittsburgh News

Inflation’s grip is loosening, with everyday prices like groceries and gas finally leveling off — a sigh of relief for households stretched thin. But this slowdown isn’t just about consumers: businesses are scaling back hiring, even eyeing layoffs, as the Fed’s high interest rates squeeze growth. People are spending more cautiously, worrying more about jobs, reminding us that economic shifts ripple through daily life. Job growth persists but slows, unemployment stays low, yet wages stall — making it harder to keep up with living costs. Economists are split: some see a soft landing, others brace for turbulence — all eyes on the Fed’s next move and how resilient the job market proves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ffb341c9636cd048