Page 2 - Bernard Markstein News Today

Most experts expect inflation to hit the Federal Reserve’s preferred 2 percent goal post by the end of 2025, Bankrate’s Economic Indicator poll shows.

Economists see employers adding roughly 44,000 new positions each month on average between now and September 2024, Bankrate’s latest poll found.

Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.

Employers are expected to add roughly 29,000 new positions each month on average between now and June 2024, while unemployment is expected to hit 4.5 percent.

Experts put the odds of a recession between now and July 2024 at 59 percent, showing a downturn is more likely than not.

Economists' average forecast for the Fed's peak interest rate is 5.6 percent, reflecting a target range of 5.5-5.75 percent, the highest since 2001.

Economists are split on whether inflation will settle back in at the Fed’s preferred level of 2 percent by the end of 2024 or the end of 2025.

With 33% of employed Americans worried about their job security, Bankrate has the latest on how to prepare in case you become unemployed.

Summer vacationers looking for relief on pricey airfares are in luck – peak airline ticket prices are unlikely to go over $350.

The majority of economists expect inflation will keep decelerating over the next 12 to 18 months, as supply chain bottlenecks improve — and higher rates slow consumer spending.