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US Economy Dodges Recession But Feels Awful

Source: bloomberg.com

The US economy avoids a technical recession with positive growth, but everyday people feel miserable due to high costs.
Core inflation stays stuck around 2.5-3%, higher than the Fed's 2% target, fueling frustration despite no downturn.
Leaders like Biden tout strength, yet polls show voters sense pain from prices and tight finances.

The US economy keeps growing without slipping into recession, yet millions feel squeezed and unhappy. High living costs and sticky prices clash with official good news, exposing a gap between data and daily life. This matters because it shapes politics, consumer mood, and Fed choices ahead.