Wall Street Predicts Soft Economic Landing in 2024 Despite Uncertainties
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Wall Street expects a "soft landing" in 2024 - a mild economic slowdown but no recession. Inflation is seen as declining but not reaching the 2% target.
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The consensus is that the Fed's interest rate hikes have successfully cooled inflation, and rates could start being cut to prevent a sharper downturn.
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Consumers have shown surprising strength recently, but some bears think savings are running out and consumers may pull back. The consumer outlook is key.
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Multiple major elections globally, especially the 2024 US presidential election, introduce uncertainty that could increase market volatility.
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AI is seen as a multi-year investment theme, not a bubble - its growth is expected to continue in 2024.