Economists Warn of Danger Ahead for the US Economy in 2024
- 3 months ago
Economists Warn , of Danger Ahead for the , US Economy in 2024.
According to Wells Fargo economists, the possibility of a future recession has not been ruled out for the United States economy. .
'Newsweek' reports that the gloomy reminder comes
despite better-than-expected growth in 2023 and
trends that show consumer spending is still healthy.
Last week, the Commerce Department
said the economy had accelerated above
forecast to end 2023, with a 3.3% rate. .
In December, according to the Commerce
Department, consumer spending shot up,
a key sign of a healthy economy.
Despite this, Wells Fargo has pointed to
the impact of the Federal Reserve's attempts
to fight inflation on certain sectors of the U.S. economy.
Despite this, Wells Fargo has pointed to
the impact of the Federal Reserve's attempts
to fight inflation on certain sectors of the U.S. economy.
The economists cited dropping manufacturing-sector
sentiment in the Mid-Atlantic Region and slowing
business activity as major areas of concern. .
The economists cited dropping manufacturing-sector
sentiment in the Mid-Atlantic Region and slowing
business activity as major areas of concern. .
Monetary policy is still
pretty restrictive at this point.
We do think that that will put
some sort of headwinds on
consumer spending growth, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'.
According to Jay Bryson, Wells Fargo's chief economist,
the first quarter of 2024 may see continued growth,
but the impact of high interest rates is likely
to cool the economy later in the year.
According to Jay Bryson, Wells Fargo's chief economist,
the first quarter of 2024 may see continued growth,
but the impact of high interest rates is likely
to cool the economy later in the year.
In the fourth quarter,
business fixed investment
spending grew but it was at
a very, very subdued rate...
of somewhere between
one or two percent, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'.
In general, those things
will cause growth to
ratchet down a little bit, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'
According to Wells Fargo economists, the possibility of a future recession has not been ruled out for the United States economy. .
'Newsweek' reports that the gloomy reminder comes
despite better-than-expected growth in 2023 and
trends that show consumer spending is still healthy.
Last week, the Commerce Department
said the economy had accelerated above
forecast to end 2023, with a 3.3% rate. .
In December, according to the Commerce
Department, consumer spending shot up,
a key sign of a healthy economy.
Despite this, Wells Fargo has pointed to
the impact of the Federal Reserve's attempts
to fight inflation on certain sectors of the U.S. economy.
Despite this, Wells Fargo has pointed to
the impact of the Federal Reserve's attempts
to fight inflation on certain sectors of the U.S. economy.
The economists cited dropping manufacturing-sector
sentiment in the Mid-Atlantic Region and slowing
business activity as major areas of concern. .
The economists cited dropping manufacturing-sector
sentiment in the Mid-Atlantic Region and slowing
business activity as major areas of concern. .
Monetary policy is still
pretty restrictive at this point.
We do think that that will put
some sort of headwinds on
consumer spending growth, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'.
According to Jay Bryson, Wells Fargo's chief economist,
the first quarter of 2024 may see continued growth,
but the impact of high interest rates is likely
to cool the economy later in the year.
According to Jay Bryson, Wells Fargo's chief economist,
the first quarter of 2024 may see continued growth,
but the impact of high interest rates is likely
to cool the economy later in the year.
In the fourth quarter,
business fixed investment
spending grew but it was at
a very, very subdued rate...
of somewhere between
one or two percent, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'.
In general, those things
will cause growth to
ratchet down a little bit, Jay Bryson, Chief economist at Wells Fargo, via 'Newsweek'