Americans Misjudge Economic Health Amid 'Vibecession'

Despite strong financial indicators, a majority of Americans mistakenly believe the US is in a recession, influenced by lingering high interest rates and inflation concerns.

• Polls show nearly 60% of Americans incorrectly think the nation is in a recession.
• US economy grew by 3% last year, with low unemployment and cooling inflation.
• High interest rates and cumulative price increases since the pandemic affect sentiment.
• The Federal Reserve's upcoming report could signal the first interest rate cut since the pandemic.
• Biden faces low approval ratings on economic handling as the presidential election nears.

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