Cooling Inflation, Low Unemployment Stoke Economic Optimism for 2024
• Inflation has cooled dramatically from 9.1% to 3.1% year-over-year • Unemployment remains low at 3.7% near a 50-year low • Fed expected to deliver interest rate cuts as early as March 2024 • Stocks rallied strongly in 2023 reflecting economic optimism • Wage growth expected to gather momentum and outpace inflation