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PGIM Investments: Tech rebound boosts growth optimism
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The U.S. economy is in better shape than anticipated when the year began. Robust employment has sustained a solid pace of consumer spending. Consumer confidence reflects near-term optimism despite a spate of high-profile layoffs, the highest interest rates in more than a decade, and reduced credit availability in the financial system. Conditions suggest that the slope of the economy’s slowing trajectory will remain shallow amid healthy employment trends.

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