Fed Expected to Cut Rate in 2024 and Unemployment Rate Set to Top 5.5%, Economists Predict
The latest US Macroeconomists Survey conducted by the University of Chicago in partnership with the Financial Times shows less optimism that the Federal Reserve could tame price pressures without causing material job losses.
According to the survey, over 60% of participating economists expect the Fed to raise its benchmark policy rate to at least 5% in order to get inflation back down to its 2% target; Meanwhile, most of the participants think the inflation fight will push the US unemployment rate to at least 5.5%.
Source: FT
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70784737 : LMAOOO rates going up why lie like this
TechInvstr07 : In less than 3 years they printed 40% of all USD ever issued. They knew this would be the result. Recessions grant the Government more power and the unemployed become reliant on government handouts and the rich get to buy stocks cheap. This is the time where true wealth can be created! Live as cheap as you can and invest in Stocks/Crypto, Gold/Silver and VEVE!
RDK79 : Nice experts are already figuring out ‘24, they’ve not been the best at ‘22, and hopefully better in ‘23. I'm trying to get through ‘22 and into ‘23.