US Economy To Slow Down In 2024 & Dollar To Fall

Fed Chairman Powell has acknowledged that there will be rate cuts in 2024. Dr. Perryman of the Perryman Group suggests the US economy is slowing following a torrid third quarter, but a soft landing will be achieved. Similarly, Dhawan of the Economic Forecasting Center at Georgia State University indicates that the economy is weaker than the headline data suggests, and business investment is consistently trending down. Relatedly, Consensus expects the nation’s GDP growth rate to increase by just 0.64% during the period Q1 of 2024 to Q4 of 2024 which would represent a slowdown in economic activity.