2024 Q2 U.S. economy shows 2.96% growth, strong employment and inflation, complicating hopes for interest rate cuts.
The U.S. economy is showing signs of a "no-landing" scenario, complicating hopes for relief from high interest rates. Recent data indicates strong employment and inflation, prompting the Federal Reserve to reconsider rate cuts. Despite a 2.96% GDP growth in Q2 2024, which defies recession predictions, risks remain, particularly in business investment and geopolitical factors. Strong consumer spending continues to drive economic resilience, but challenges persist.
October 10, 2024
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