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The economy has performed well enough over the first half of 2024, with inflationary increases moderating, jobs still plentiful and no serious recession risks on the horizon. The financial markets have fared even better, with stocks up a solid 15% over the first six months.All of that doesn’t mean Americans are happy on balance, especially over high price levels, but the economic and financial backdrop has been steady. Here are some questions that might shape the second half of the year.Will inflation progress be enough?Inflation has been coming down, but not quite to the 2% level that the Federal Reserve wants to see before it starts cutting interest rates. Economists at Northern Trust liken this to the “last mile problem,” the challenge of getting parcels and other deliveries to their final destinations. “After movi …
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