NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.
Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not. The 38 surveyed economists come from such organizations as Morgan Stanley, the University of Arkansas and Nationwide.
Such predictions imply the belief that the Federal Reserve can pull off the delicate balancing act of slowing the economy just enough through high interest rates to get inflation under control, without snuffing out its growth completely.
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High rates work to slow inflation by making borrowing more expensive and hurting prices for stocks and other investments. The combination typically slows spending and starves inflation of its fuel. So far, the job market has remained remarkably solid despite high interest rates, and the unemployment rate sat at a low 3.9% in October.
Again. You can’t just declare or undeclare a recession
You really struggle with reading, eh sport? Not one for grasping words?
Do you wanna try responding to things Ive said? Isntead of whatever that ghost in your head is whispering to you?
Angry
Im sure you are sweetheart, but I can help you find the person you thought you were talking to if you need. That, or your chaperone?
What are you on about?
The irony
Good luck dude