Uncovering the US Economy's Hidden Patterns: Predictions on Recession, Trends & Financial Crisis

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There’s been a lot of talk about a potential recession, especially following the rapid interest rate hikes by the Federal Reserve in 2023 and into early 2024. While the Fed paused hikes mid-year, many are asking, are we already in a recession or is it looming?
So far, there hasn't been an official recession in 2024. The labor market remains tight, and GDP growth, while slowing, hasn’t contracted. Economists are divided on whether the US will enter a recession by 2025, but several factors suggest a slowdown.
Supporting Fact: The latest unemployment rate stood at 3.8% in September 2024, which is still relatively low historically. However, real wage growth has stagnated, and consumer confidence has shown some declines in recent months. The Conference Board’s Consumer Confidence Index dropped from 108.7 in Q2 2024 to 104.1 in early Q4, reflecting growing uncertainty among consumers.
In this video, we explore the possibility of a US recession in 2024, focusing on the Economic Surprise Index and the country's debt rate. Learn how these key economic indicators signal potential downturns and what impact the debt rate might have on the future of the US economy. We break down complex financial trends and provide an in-depth analysis of recession risks in the upcoming year.
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