Democrats are starting to feel good about the economy’s direction, with a five-month downward trend in prices and less aggressive action on interest rates signaling a possible change in fortunes. “I think we’re in a better moment, I think we’re in a better moment,” said Sen. John Tester (D-Mont.), who sits on the Banking, Housing and Urban Affairs Committee, on Wednesday, cautioning that “inflation is [something] we still need to be dealing with.” Democratic moderate Joe Manchin (W-Va.), who has broken several times with his party on legislative initiatives related to the economy, agreed: “We’re going in the right direction.” While Democrats have been emphasizing the strength of
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