In the second quarter of 2024, the U.S. economy has shown signs of both progress and potential trouble. GDP growth has slowed compared to 2023, but the unemployment rate remains historically low. Inflation is still a concern but has been steadily decreasing, so much so that rate decreases are a possibility later in 2024. Consumer confidence is low, national credit card debt is soaring, and household savings are at all-time lows. Geopolitical events are still creating headwinds with the Russia-Ukraine and Israel-Hamas wars grinding on interminably. The upcoming U.S. presidential election has the potential for creating an economic disruption as well. Overall, the U.S. economy treads a fine line; continued growth is possible, but a misstep in policy or an unexpected shock could potentially tip it into recession. Oil prices are at $82/barrel.