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2024 Economic Outlook

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This week’s Economic Perspective is the 2024 economic outlook.
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Two thousand twenty four should be a year of sustained economic growth, albeit at a more moderate pace than in 2023, accompanied by solid gains in both employment and company earnings. The downtrend in inflation will persist during the first half of the year but will reverse course later in the year. The FOMC tightening cycle has ended and rate cuts are likely during 2024, but to a much more modest degree than discounted in the futures market. Private sector borrowing costs will rise during the year and credit losses will remain on an upward trajectory. Recession has been postponed but not canceled, and economic risks will increase as the year unfolds, consistent with the current mature phase of the expansion cycle... READ MORE

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December 27, 2023
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