Reported about 1 month ago
According to Morningstar's Chief US Economist Preston Caldwell, the US economic growth may face a 'mild slowdown,' with projected GDP growth declining by nearly 1.5%. This outlook comes after a weaker-than-expected jobs report and declining bond yields, indicating a cooling labor market and potential interest rate cuts from the Federal Reserve throughout 2024. Despite these concerns, Caldwell does not predict a recession or labor market collapse.
Source: YAHOO