I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at reporting on the leveraged US middle class by Claire Ballentine and Eliza Ronalds-Hannon. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The US economy has proved impressively resilient since the Federal Reserve two years ago launched the most aggressive monetary-tightening campaign in four decades. But that doesn’t mean there’s not real pain under the surface.