2024 economy may bring lower interest rates, higher unemployment

Robert Spendlove 

After the rollercoaster ride of the past three years, an overheated U.S. economy spent much of 2023 transitioning back toward pre-pandemic norms. As the Federal Reserve tightened monetary policy and some sidelined workers returned to the labor force, the United States avoided a recession in 2023. Heading into 2024, here are some emerging economic trends:

Interest rates may come down. In their last policy decision of 2023, Federal Reserve officials held interest rates steady for the third consecutive time. With inflation easing, the Fed has penciled in plans to cut borrowing costs three times in 2024. These rate cuts could come as soon as the second or Please log in to see the rest of this story.