.Underscoring some professionals view that the United States economy will not use to a long term economic downturn and also may continue to have the soft landing. The Federal Reserve is actually disclosing that US home total assets rose to a report $163.8 mountain in Q2 2024. Securities market values climbed through $0.7 trillion in Q2Real place market values climbed by $1.8 mountain in Q2.Worries however, perform the financial debt side of the equation: The total nonfinancial debt rose by 4.7% annualized rate in Q2. Household financial debt climbed through 3.2% annualized fee in Q2Nonfinancial organization that rose through 3.8% annualized price Q2Federal federal government that rose through 6.3% annualized price in Q2State and also local government that rose by 6.0% annualized price in Q2Of certain worry are actually the growths in the federal government and condition and also local government financial obligation which is actually unsustainable and also when it is actually addressed are going to be a financial investing drag on the economic condition.