Page 11 - Jeffrey Roach News Today

There might not be a crash landing for the US economy, but it’s too early to say it is safely back on the tarmac. Much depends on jobs and spending this year.

US prices rose marginally in December, keeping inflation below 3% for a third straight month. The Federal Reserve is expected to cut interest rates this year, although the timing is uncertain. Consumer spending surged at the end of 2023, leading to expectations of a rate cut. Financial markets have lowered the odds of a March rate cut, indicating the economys resilience. The central bank is likely to keep its policy rate unchanged next week.

The hot GDP report may push out timelines for the Fed to cut interest rates, but it also signals the economy probably isn't on the verge of a recession.

PCE inflation held at 2.6% in Dec, below forecast. Core inflation at 2.9%, suggests potential rate cuts.

By Lucia Mutikani WASHINGTON (Reuters) - U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third ...

The US economy grew by 3.3% in Q4 of 2023, surpassing expectations by a significant margin. Economists predict continued growth in 2024, led by consumer spending and a strong labor market.

The hot GDP report may push out timelines for the Fed to cut interest rates, but it also signals the economy probably isn't on the verge of a recession.

The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023 as consumers and businesses continued to spend, crushing expectations of a recession.

Thursday’s Q4 GDP report could show whether the soft landing investors are looking for has already come.

“The vibes are catching up with the hard data on the economy,” Arindrajit Dube, provost professor of economics at UMass Amherst, said in a Friday post.