Posted 10/24/2023, 1:53:00 PM
U.S. Economy Shows Signs of Strength in Q4 as Inflation Slows, Business Outlook Brightens
- U.S. economy improved in Q4 due to slower inflation and hopes interest rates have peaked, per S&P surveys
- Manufacturing and services indexes rose to multi-month highs, signaling expansion after contraction
- Businesses prepared to pass savings from lower costs to customers to drive sales
- Survey respondents more upbeat about next 12 months, though hiring slowed
- Interest rate hikes meant to slow growth, but economy has accelerated; peak rates may prevent recession
