Many economists now say the U.S. will avoid a recession, according to results of The Wall Street Journal's latest quarterly survey.
Nevertheless, they lowered the probability of a recession within the next year from 54% on average in July to 48% — the first time the probability has been below 50% since the middle of last year, the Journal reported."The probability of recession continues to recede in the U.S.
A whopping 82% of economists said the Fed’s current interest-rate target range of 5.25% to 5.5% is restrictive enough to bring back inflation to the central banking system’s 2% goal over the next two or three years. Economists say the consumer-price index , which was 3.7% in September, will drop to 2.4% by the end of next year and 2.2% by the end of 2025.
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A Recession Is No Longer the ConsensusIn WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates
Source: WSJ - 🏆 98. / 63 Read more »