Us In Recession 2024

Us In Recession 2024. If the economy is shrinking, the race for the white house in 2024 is likely to be even more toxic than expected. Heading into 2024, the economy appears to be in pretty solid shape, with inflation heading closer to the federal reserve's target.

In july, the federal reserve staff announced that they were no longer forecasting a recession in 2024, marking a sharp departure from earlier projections. Employers have slowed hiring, adding an average of about 170,000 jobs each month for the last three months, and just 114,000 in july, versus 267,000 a month in the first quarter of 2024,.