Port Tack
Verified User
The U.S. economy is navigating through a period of deceleration, with J.P. Morgan predicting a modest real GDP growth of 0.7% in 2024, a slowdown from a better-than-expected 2.8% growth in 2023. Consumer spending is anticipated to grow. The Federal Reserve's projection of easing the Fed Funds target range to 4.00%-4.25% by the end of 2024, suggests a soft landing for our economy (JPMorgan). In other words, we're fine and growing.
Every economic indicator says we are doing just fine and are expected to continue to do so. The right and Trump continue to say we are headed for ruin yet they stop right there, they have no evidence whatsoever of this ruin. When pressed for this evidence they change the subject or paste a juvenile picture.