Reported 11 months ago
Economists have raised their forecasts for U.S. economic growth through early 2025, citing optimistic consumer demand and a stable inflation outlook that suggests the Federal Reserve can reduce borrowing costs. The latest survey indicates an average growth rate of about 2% while lowering recession odds to 25%, the lowest since March 2022. Economists also predict a gradual improvement in hiring and business investment as the political landscape stabilizes, specifically with potential rate cuts anticipated in the coming months.
Source: YAHOO