2024 economic forecasts all over the map: Growth predictions from 1.1% to 2.1%, inflation from 1.5% to 3%
• Forecasts for 2024 US economic growth and inflation vary wildly across banks • Ranges from 2.1% growth (Goldman) to 1.1% growth (UBS) and 3% inflation to 1.5% inflation • Differing views on how much Fed will raise rates, from nothing to 2.75 percentage points • Analysts seem to think worst inflation is over, titles like "The hard part is over" • But high uncertainty remains after repeated forecast errors on inflation and growth