Consumers await key inflation data as hopes for ‘soft landing’ linger

The statement suggests that consumers are eagerly awaiting crucial information concerning inflation rates. This data is important as it greatly influences the economy, affecting things like prices, purchasing power, and economic policies. The ‘soft landing’ referenced implies the hope for a controlled slow-down of economic activity.

Typically, a soft landing occurs when economic growth slows down but doesn’t stall or turn into a recession, allowing inflation to cool down without causing a significant increase in unemployment. In contrast, a ‘hard landing’ is an