Posted 2/22/2024, 7:15:00 PM
Upcoming Economic Data Could Test Whether Economy Can Withstand Higher Rates
- U.S. set to release more strong economic data next week including GDP and inflation figures
- Data could raise questions about whether economy can stay strong with high interest rates
- JPMorgan forecasts 3.3% GDP growth in Q4; Morgan Stanley expects 0.4% monthly core inflation increase
- Markets trying to determine how long economy can avoid buckling under weight of high rates
- If good growth continues without high inflation, stocks could perform well