Not to pile on, but there is a huge public misunderstanding when it comes to economic data.
The data is lagging, usually by a full year. The policies that lead to that data are from the year before data collection, at a minimum, more likely two+ years.
Economic policies generally take time to ripple through the economy. Generally. There are exceptions. Interest rates tend to affect things pretty quickly relative to other changes.
The data is lagging, usually by a full year. The policies that lead to that data are from the year before data collection, at a minimum, more likely two+ years.
Economic policies generally take time to ripple through the economy. Generally. There are exceptions. Interest rates tend to affect things pretty quickly relative to other changes.