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ARTICLE · 18 OCTOBER 2024

Logistically Speaking - Hot Sheet Week 42

A recent survey by The Wall Street Journal reveals that economists are increasingly optimistic about the U.S. economy, expecting continued easing of inflation and lower interest rates.

GlobalInternational Law

Economists Optimistic About U.S. Economic Prospects

A recent survey by The Wall Street Journal reveals that economists are increasingly optimistic about the U.S. economy, expecting continued easing of inflation and lower interest rates. The survey highlights expectations for the unemployment rate to remain around 4.2% and a modest addition of approximately 130,400 jobs per month over the next year, indicating a cooling labor market without significant unemployment spikes. Additionally, forecasters are predicting faster GDP growth for the remainder of the year, with projections for the federal funds rate to fall to around 4.4% by year-end, reflecting a shift in sentiment since the last survey conducted in July.

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