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Prospects for the US economy in 2024

Content type:: Expert Briefings
Location:: PROSPECTS 2024
Keywords associated with this article:: Geographic: United States INT NA PROSPECTS 2024

Topical: economy consumer growth investment prices retail
ISSN:: 2633-304X
Citation:: Oxford Analytica (2023), "Prospects for the US economy in 2024", Expert Briefings.
https://doi.org/10.1108/OXAN-DB283712

Thursday, November 30, 2023

Significance

The Federal Reserve (Fed) has raised interest rates from zero in March 2022 to 5.25-5.5% and has reduced its bond holdings from nearly USD9tn to USD7.8tn. While the Inflation Reduction Act (IRA) multi-year spending is underway, the Republican-majority House has little interest in funding additional spending.

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