Reported about 1 month ago
Recent data indicates that the US economy is poised for steady growth through the end of 2024, with S&P Global's flash PMI showing a slight dip to 54.4 in September from 54.6 in August. This performance aligns with forecasts of 2.5% GDP growth for the quarter, driven by competitive pricing which has lowered inflation rates. Positive projections for the third quarter, including a 3.1% increase as estimated by Goldman Sachs, have alleviated recession fears following a rise in unemployment earlier this year. Markets currently predict a 95% chance the Federal Reserve will lower interest rates in November.
Source: YAHOO