Economists See Path For Soft Landing As Data Suggests Fed Can Tame Inflation Without Recession
• Most economists believe the US can avoid a recession in 2024 even if job market weakens due to high interest rates • Only 24% of surveyed economists see a recession as more likely than not in 2024 • Economists think the Fed can slow the economy enough to curb inflation without causing a recession • Inflation is expected to keep cooling in 2024, though may not reach the Fed's 2% target until 2025 • Economists are split on when the Fed may start cutting interest rates, with some thinking as early as Q1 2024 and others not until Q4 2024