Posted 1/21/2024, 10:43:18 AM
US Growth Moderates But Expansion Seen Continuing as Inflation Cools, Allowing Fed Rate Cut Potential
- US economic growth likely moderated in Q4 after a solid 6-month stretch, but expansion expected to continue
- Inflation pressures becoming less pronounced, seen slowing further in December
- Slowing inflation opens door for Fed to cut rates this year, but policymakers reluctant to commit yet
- Holiday shopping season capped off strong consumer demand entering 2023
- Global central banks in focus next week including Bank of Japan, European Central Bank, Bank of Canada