The U.S. economy is defying pessimists, with growth revised up to 3.3% thanks to strong consumer spending, business investment, and fewer imports—meaning more money is staying with U.S.-made goods. Inflation is cooling, too: the Fed’s preferred PCE measure dropped to 2%, hitting the central bank’s target even before any rate cuts. Middle-class families could see a boost of nearly $4,000 next year under the new "One Big Beautiful Bill," according to the nonpartisan Tax Foundation, and gas prices are at a five-year low as Labor Day arrives. Ed Siddell, CEO & Chief Investment Advisor at EGSI Financial, joins Alicia Summer to weigh in on what these trends mean for interest rates, mortgages, and the broader economy.
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