What is the reason behind the decline of US market? What are the 3 Big Fears? | Jagran Business

President Joe Biden stated on Friday that the US economy is improving, with solid employment numbers demonstrating that Americans are recovering optimism and inflation slowly being contained. "Our economy is moving in the right direction," Biden said at the White House, highlighting that he was confident about reducing persistently high inflation. 

He did, however, issue a warning that the "biggest threat" to the US economy is a disagreement over lifting the debt ceiling.

In reference to the positive jobs report released on Friday, Biden stated that the part that "pleased me the most" was evidence that people who had stopped looking for work earlier were now returning to the labour market.

He said, "People are working again. They're becoming more optimistic about their future,"