Robust Economic Growth Expected to Slow in 2024, Prompting Potential Fed Rate Cuts
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US economic growth expected to slow after a robust third quarter, signaling potential Fed rate cuts in 2024.
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Consumer spending and job growth remained strong in Q3, propelling GDP growth above 5%.
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But higher interest rates, depleted savings, and lending tightness will likely cool growth going forward.
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Rate cuts depend on inflation slowing to 2% target; below-trend growth needed to ensure disinflation.
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Headwinds like yields, corporate debt, housing market could cause slowdown without derailing economy entirely.