Slowcession Delayed

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The U.S. economy surprised to the upside in 2023 as consumers shrugged off a number of headwinds. With inflation abating and the Federal Reserve facing less pressure to hike interest rates, recession risks are fading. But they can’t be fully discounted given high interest rates, geopolitical turmoil, declining savings, and political uncertainty. Slower growth with somewhat higher unemployment is the most likely outcome. Call it a slowcession.

  • Speakers keyboard_arrow_down
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    Mark Zandi Chief Economist Moody's Analytics Bio
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    Cris deRitis Deputy Chief Economist Moody's Analytics Bio
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    Marisa DiNatale Senior Director - Economic Research Moody's Analytics Bio