Economists: US May Skirt 2024 Recession Despite Job Risks from High Rates
• Economists predict the US can avoid a recession in 2024 even if job market weakens due to high interest rates • Only 24% surveyed see a 2024 recession as more likely than not • Fed expected to keep rates high to control inflation without completely stifling growth • Economists expect inflation to keep cooling in 2024, possibly reaching Fed's 2% target in 2025 • Economists split on when Fed may start cutting rates again - as early as Q1 2024 or as late as Q4 2024