What’s behind the US economy’s resilience?

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The US economy has shown extraordinary resilience, outperforming other advanced economies despite high interest rates. Several factors contribute to this strength, including heavy public spending, immigration flows, fixed-rate mortgages, and energy independence. However, the US dollar has not experienced a significant rally due to developments in other financial markets and the collapse in natural gas prices. Looking ahead, the US economy's resilience may lead to persistently high inflationary pressures, potentially delaying rate cuts by the Federal Reserve. A full-blown rally of the US dollar may require a period of risk aversion in the markets and a correction in equity valuations. Foreign central bank rate cuts could also impact the dollar's performance.

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https://www.fxstreet.com/analysis/whats-behind-the-us-economys-resilience-202404110901