Despite raising interest rates by a quarter percentage point, data shows that inflation is slowing down and economic growth remains strong, building optimism among economists and analysts about the Federal Reserve's ability to prevent the United States from entering a recession. The US Bureau of Economic Analysis reports that inflation has cooled to 4.1%, the lowest since October 2021, and the US economy has grown 2.4% annually in the second quarter, above economists' forecasts. While the Fed aims for 2% inflation, some analysts suggest a "softish" landing near 2.6 or 2.7% inflation could be acceptable without causing significant job losses.