In our 2024 Outlook, we examine three themes that we believe will shape the economy in the coming year and impact the US and global markets.
While “higher for longer” was a theme last year, the Fed is expected to shift to rates cuts this year, possibly beginning as early as March.
Recession fears are surfacing again in 2024, as consumer spending slows down and the effects of the rate hikes kick in.
The Senate race and the US presidential election will have a major impact on the economic outlook, as voters are feeling the pinch of high inflation and will have to choose between two very different leadership styles.