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Recession 2024 Usa Latest News Update. Economists increased the probability of a us recession in the next year to 25% from 15%, but said there are several reasons not to. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year โ much lower than the 5.1 percent they had been expecting in june,.
The latest conference board leading economic index (lei) decreased in august to its lowest level since october 2016. The economy has shrugged off fearmongering about a recession following 525 basis points worth of interest rate hikes from the federal reserve since march 2022.
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