Despite these positive indicators, economists are hesitant to revise their predictions of a recession by December 2024. According to Bankrate’s latest poll for the fourth quarter, the odds slightly decreased, settling at 45 percent.
“The numerous risks facing the economy and the finances of households and individuals are close to home and far away, including the uncertainties in an election year and geopolitical troubles around the globe. Through it all, Americans will need to be focused on the long term for their personal finances,” says Mark Hamrick, Senior Economic Analyst at Bankrate.
Key Insights Revealed
In Bankrate’s fourth quarter poll, several insights into the U.S. economy’s future have emerged:
- Unemployment Rate Forecasts:…
