Posted 12/4/2023, 5:03:15 PM
Deutsche Bank Forecasts Soft Landing for US Economy in 2024 But Labor Market at 'Critical Juncture'
- Deutsche Bank predicts a soft landing for the US economy in 2024, with unemployment reaching 4.5%
- The labor market is at a "critical juncture" according to economist Matthew Luzzetti
- If job growth stabilizes, it supports hopes for a soft landing, but there are signs of weakening
- November and December jobs reports will give important signals about the health of the labor market
- There is still high uncertainty around projections due to the pandemic recovery and impact of rate hikes