For a change, American inflation is lower than expected

a couple of data points make. Much of the recent talk about America’s economy had focused on the possibility of stagflation, as shrank and prices soared. Suddenly, though, things look rosier. First, on August 5th, statisticians reported that 530,000 jobs were created in the previous month—more than twice as many as expected. Then, on August 10th, they reported that consumer prices in July were the same as in June—the first absence of month-on-month inflation since early 2020. Could the doomsayers be wrong, and America really be about to enjoy both an economic boom and price stability?