The great American consumer is navigating inflation and just may save the economy from a recession

Josephine Flood | CNBC

Wage gains may be starting to cool off, offering little comfort to consumers seeing prices for everything from gasoline to milk to plane tickets tick higher.

As the Federal Reserve attempts to orchestrate a soft landing, cooling off the economy without throwing it into a recession, one of the key arguments being made by those who think it will be successful is how strong household finances are. By several measures, consumers are on solid ground.

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