2024 Economic Outlook Remains Uncertain as Inflation Cools, Interest Rates Fall
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Economists disagree on whether we'll see a recession or continued economic growth in 2024.
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Inflation is cooling and interest rates may start to decrease in 2024. This is good for borrowers but concerning for retirees relying on interest.
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Interest rates increased significantly from 2020 to 2023, helping retirees earn more on lower-risk investments. These rates may now decrease.
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The Federal Reserve plans to cut interest rates in 2024, starting no earlier than Q2. Markets expect more cuts than the Fed has indicated.
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Forecasts range from predictions of a severe recession to expectations of continued slow economic growth and a "soft landing" in 2024.