JP Morgan’s 2024 US Economic Outlook: Federal Reserve to start cutting rates in H2 of 2024 ...Middle East

Summary points from JP Morgan's 2024 US Economic OutlookThe economy easily avoided recession in 2023, but labor market activity has been slowing We look for momentum to slow further into 2024 as growth slips below trend... ...and the economy walks a fine line between expansion and contraction Drags from monetary policy will persist, and in some cases build, into 2024 We expect fiscal support from recent years will turn to a modest fiscal drag in 2024 We see real GDP up 0.7% in 2024, down from near-3% in 2023 (%q4/q4) Job growth is expected to slow, and the unemployment rate to continue its recent upward trend Wage inflation should moderate further next year in a softer labor market Inflatio

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JP Morgan’s 2024 US Economic Outlook: Federal Reserve to start cutting rates in H2 of 2024 ...Middle East

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