DXY - The US dollar index is showing signs of slowing down
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession.
In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle of last year that the probability has fallen below 50%.
He mainly attributes his optimism to three factors. Inflation continues to decline, the Federal Reserve has finished raising interest rates, the job market is strong, and economic growth is well above expectations. The survey was conducted October 6-11 among 65 economists. Doug Porter and Scott Anderson, economists at BMO, say the odds of the U.S. going into recession continue to decline as the banking sector crisis eases and the labor market and incomes recover strongly. Rising real income supported consumption.
In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle of last year that the probability has fallen below 50%.
He mainly attributes his optimism to three factors. Inflation continues to decline, the Federal Reserve has finished raising interest rates, the job market is strong, and economic growth is well above expectations. The survey was conducted October 6-11 among 65 economists. Doug Porter and Scott Anderson, economists at BMO, say the odds of the U.S. going into recession continue to decline as the banking sector crisis eases and the labor market and incomes recover strongly. Rising real income supported consumption.
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