It finally looks like the US economy is sticking its soft landing

Getty Images

• US economic data points to a soft landing as the labor market and inflation gradually cool.
• Until recently those two forces were holding back a soft-landing narrative.
• The US seems on track for lower price growth without a recession.

You might have heard the US is not in a recession, but the good news about the economy doesn't stop there. A soft landing is on the horizon, too — or already here depending on who you ask — and recent data reinforces that.