2024 Outlook: Energy and Growth Up, Rates Down
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Energy prices will increase in 2024 due to cold weather and OPEC production cuts. Oil could top $100 per barrel.
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GDP growth will exceed Fed projections, lifted by AI productivity gains and interest rate cuts.
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The Fed will cut interest rates to 3% by 2024 to combat slow growth and favorable inflation.
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Earnings momentum will continue in 2024, with over 10% growth forecasted.
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While Apple stock will be rangebound, Tesla still has catalysts like the Cybertruck that could lift shares higher.