Harvard economist Jason Furman noted that while inflation is slowing, core inflation remains above 2.5%, higher than previous forecasts. Meanwhile, personal income rose 0.9% in January, but a decline in consumer spending and a rise in savings raised concerns.
Chris Zaccarelli of Northlight Asset Management warned that reduced spending could slow economic growth. As Trump’s administration touts economic progress, critics argue that challenges remain, setting the stage for political battles ahead of the 2026 elections.
