Posted 2/20/2024, 4:18:42 PM

Recession Fears Ease Slightly But Economic Growth Still Seen Slowing Sharply

Recession indicator reversed for the first time in 2 years, but still shows economic headwinds
Leading Economic Index fell 0.4% in January, no longer forecasting a recession in 2024
Expect slowing GDP growth to near 0% in Q2 and Q3
Inflation expectations could become self-fulfilling if prices remain sticky for long
Consumers expect 3% inflation next year, up from prior month, matching recent sticky inflation data

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