According to Wikipedia, “A Goldilocks economy is an economy that is not too hot or cold, in other words, sustains moderate economic growth, and that has low inflation, which allows a market-friendly monetary policy. The name comes from the children’s story The Three Bears.”
Here’s why Goldilocks and many Americans are smiling.
JOBS ADDED: Over 160K new jobs added in just July
INFLATION DOWN: Target rate of 2% year over year. Inflation is at 1.6%
STOCK MARKET: August has market coming out of a 180-day correction
GDP GROWTH IDEAL: GDP growth was 2.1% – that’s just right!
INTEREST RATES STABLE: At just 2.25%, very healthy
DURABLE GOODS ROSE: Machinery, Raw Materials & Equipment rose 2%