#StablecoinPayments What's Happening to the US Economy Right Now

1. The economy has fallen by -0.3% instead of the expected growth. Previously, there was growth of 2.4%.

2. People began to spend less: consumer spending growth is only 1.8% versus 4% previously.

3. Prices are growing faster than expected: GDP price index +3.7% (expected +3.1%).

4. Inflation by the key indicator (Core PCE) is +3.5%, which is higher than in the previous quarter.

The main conclusion: the economy is slowing down, but inflation is not going away. This is a classic risk of stagflation.

😥What does this mean? Stagflation is when everything is bad at once: the economy is stalling, and prices continue to climb. In such a situation, both businesses are having a hard time, and ordinary people's money is depreciating, but there is no growth in wages and jobs.