Experts Predict 'Goldilocks' Moment for U.S. Economy in 2024 with Faster Growth and Shrinking Inflation

The U.S. economy's outlook for 2024

NABE's Projections

The National Association for Business Economics (NABE) anticipates a 2.2% rise in gross domestic product and a decline in the Consumer Price Index to 2.4% for 2024.

Impending Fed Actions

The Fed is projected to begin cutting interest rates between April and June, further impacting the economic landscape for the year.

Unemployment Forecast

The unemployment rate is forecasted to peak at 4% in 2024, up from the current 3.7%, despite positive indicators for job creation and growth.