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2024 US economic outlook: Prepare for landing
Just as pilots assess conditions before landing, Fed Chair Jerome Powell analyzes the U.S. economy as we enter the final leg of the post-COVID-19 journey. Meanwhile, as investors fasten their seatbelts and hope for a soft landing, we economists fine tune our forecasts for the year. The economy is expected to fluctuate as we expect a wide range of headwinds and tailwinds to challenge the U.S. consumer, but despite some turbulence, we continue to believe that there will be a safe landing. Inflation: We have started our descent After more than a year when some analysts argued that structural changes were probably going ... (full story)