Posted 4/13/2024, 9:04:59 AM
Inflation Proves Stubborn as Interest Rates Expected to Stay High, But Economy Shows Resilience
- Inflation has been more stubborn than expected, remaining high
- Interest rates are likely to stay high at least into the summer, if not next year
- Despite challenges, the economy has so far avoided significant damage that many predicted
- Compared to forecasts a year ago predicting recession, the situation now is remarkably good
- From a longer-term view, the economic outlook has shifted in subtle but important ways
