Posted 12/28/2023, 3:38:00 PM
Economists Cautious on 2024 Outlook Despite Recent Tailwinds on Inflation
- Inflation could linger for another year before reaching the Fed's 2% target
- High GDP growth in 2023 Q3 was boosted by government spending and may not persist
- Economist highlights rising credit card delinquencies among households as a concern
- Favorable conditions like productivity gains and falling energy prices aided disinflation in 2023 but may not continue
- Cautious outlook advised for 2024 given uncertainty about whether tailwinds will persist
