Us Economy Recession 2024 Report. Economy grew faster than expected in the fourth quarter amid strong consumer spending, and shrugged off dire predictions of a recession after. The fed funds futures market suggests that investors are expecting at least three rate cuts by the end of the year, according to the cme fedwatch tool.

America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the fed’s target without a recession — a feat that’s only happened once,. Gross domestic product rose at a 2.8 percent annual rate in the second quarter, new evidence of the economy’s resilience despite high interest rates.