Inflation has risen by 3.1% from Jan 2023 to Jan 2024. The target that the Federal Reserve has is 3%. Consumer confidence may be a different story though, as even though market indicators say there’s a strong economy, people saying that the economy is bad will make people say that the economy is bad. There’s currently a labor shortage and strong jobs growth and wages are starting to grow in real terms for the first time in a while.

Granted, the only thing that matters in the end is if people think the economy is bad