KEYT on Nostr: What recession? Professional forecasters raise expectations for US economy in 2024 ...
What recession? Professional forecasters raise expectations for US economy in 2024
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The U.S. economy is expected to grow 2.2% in 2024, up from the previous forecast of 1.3%. The job market and U.S. household spending have remained resilient, contributing to the positive outlook. Economists have also doubled their estimates for the number of jobs gained this year. Inflation has been cooling since its peak two summers ago, and most forecasters expect interest rate cuts to begin by mid-June. The Federal Reserve is likely to cut rates several times this year, which would relax the pressure on the economy and boost prices for stocks and other investments. However, high interest rates are still seen as the most significant risk to the economy, according to a survey by the National Association for Business Economics (NABE).
#UsEconomy #Recession #Forecasters #Inflation #InterestRates
https://keyt.com/news/2024/02/25/what-recession-professional-forecasters-raise-expectations-for-us-economy-in-2024/
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The U.S. economy is expected to grow 2.2% in 2024, up from the previous forecast of 1.3%. The job market and U.S. household spending have remained resilient, contributing to the positive outlook. Economists have also doubled their estimates for the number of jobs gained this year. Inflation has been cooling since its peak two summers ago, and most forecasters expect interest rate cuts to begin by mid-June. The Federal Reserve is likely to cut rates several times this year, which would relax the pressure on the economy and boost prices for stocks and other investments. However, high interest rates are still seen as the most significant risk to the economy, according to a survey by the National Association for Business Economics (NABE).
#UsEconomy #Recession #Forecasters #Inflation #InterestRates
https://keyt.com/news/2024/02/25/what-recession-professional-forecasters-raise-expectations-for-us-economy-in-2024/