Looking ahead, we see the economy gently cooling as slower labor demand, easing wage growth, stubborn inflation, and tight credit conditions constrain private sector activity,
Overall, US economic activity remains resilient, powered by consumers' ongoing ability and willingness to spend, even if they are being more scrutinous in the face of high prices,
The U.S. economy is still very resilient, supported by a solid labor market that continues to support robust income growth and in turn, consumer spending activity,
We are seeing some signs that the labor market is starting to cool,