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.