Worried about a recession? That's so 2024, Fed staff suggests

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Minutes of the Federal Reserve’s December meeting show that the central bank’s staff now don’t think the roughest patch for the economy will happen until late 2024 — a year later than in the previous forecast.

Market pros and economists who have been predicting the dawn of a recession any minute now may have to go back and recheck their work.

Specifically, the effects of a higher path for equity values and a lower path for the dollar would more than offset a higher medium-term trajectory for interest rates, the Fed staff said.Looking even further ahead to 2025, the Fed staff now projects growth will remain sub-par. That would explain why Fed officials raised their forecast for core inflation in 2023 to 3.5% from 3.1% in September, he said.

 

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yah that’s what they want yous to think. crash is coming this year they are going to sell and buy out options while keeping retail in the market

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