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Economists predict US inflation will keep cooling and the economy can avoid a recession (apnews.com)
submitted 11 months ago* (last edited 11 months ago) by MicroWave@lemmy.world to c/news@lemmy.world
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NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.

Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not. The 38 surveyed economists come from such organizations as Morgan Stanley, the University of Arkansas and Nationwide.

Such predictions imply the belief that the Federal Reserve can pull off the delicate balancing act of slowing the economy just enough through high interest rates to get inflation under control, without snuffing out its growth completely.

…

High rates work to slow inflation by making borrowing more expensive and hurting prices for stocks and other investments. The combination typically slows spending and starves inflation of its fuel. So far, the job market has remained remarkably solid despite high interest rates, and the unemployment rate sat at a low 3.9% in October.

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[-] afraid_of_zombies@lemmy.world 1 points 11 months ago

Again. You can't just declare or undeclare a recession

[-] wildginger@lemmy.myserv.one 1 points 11 months ago

You really struggle with reading, eh sport? Not one for grasping words?

Do you wanna try responding to things Ive said? Isntead of whatever that ghost in your head is whispering to you?

[-] afraid_of_zombies@lemmy.world 0 points 11 months ago

Angry

[-] wildginger@lemmy.myserv.one 1 points 11 months ago

Im sure you are sweetheart, but I can help you find the person you thought you were talking to if you need. That, or your chaperone?

[-] afraid_of_zombies@lemmy.world 0 points 11 months ago

What are you on about?

[-] wildginger@lemmy.myserv.one 2 points 11 months ago

The irony

Good luck dude

this post was submitted on 04 Dec 2023
129 points (96.4% liked)

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