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From 2024 through 2028, GDP will increase at an average annual rate of 2.5% per year, 0.5 percentage points higher than the baseline forecast. This scenario also results in higher long-term potential for the economy at 2.8%, compared to 2.2% in the baseline. In that sense, this scenario ...
The Q4 2023 US Economic Forecast explores the state of the US economy, amid challenges like a runup in interest rates to fight inflation, federal budget policy volatility, and growing geopolitical tensions.
nancial crisis and are currently in contractionary territory. However, hard indicators on spending plans have not fallen as sharply, and a tracker based on capex-speci?c hard data—which has historically been a better predictor of realized capex than a soft data equivalent— has remained in ...
THE CONFERENCE BOARD ECONOMIC FORECAST FOR THE US ECONOMY SEES LIMITED PROSPECTS FOR GROWTH IN 2024The Conference Board forecasts that US economic growth will buckle under mounting headwinds early next year, leading to a very short and shallow recession. This outlook is associated with numerous ...
In the third quarter of 2024,optimism in the US economy grew to its highest level in a year. Nevertheless, many of the same dynamics that have characterized consumers’ feelings in the past year—including a cautiousness toward spending and a simultaneous willingness to splurge—remain e...
News and headlines on the state of the US economy. The latest economic data, reports and updates from the US, including budgets and inflation forecasts.
Breaking news and top stories from the US. The latest on the US economy, politics and government, including Congress and the House of Representatives.
“The fact that sentiment lost no ground this month suggests that consumers continue to feel more assured about the economy, confirming the considerable improvements in December and January across various aspects of the economy,” said Joanne Hsu, the survey’s director. The closely-watched data al...
“While our wars on COVID-19 and inflation can’t compare to the horrors of actual war, I’m still wondering how these experiences may have changed our economy,” said Barkin. The lasting consequences of these events are a reason the Fed should approach interest rate cuts with caution, he...