Recession 2024 Usa Latest News And Rumors. Recession in the first half of 2024 and a whopping 175 basis points of rate cuts, with lower borrowing costs driving the s&p 500 share index (.spx) to 5,100. Economists again marked down their us recession forecasts on expectations that a firm job market and sturdy consumer spending will support stronger economic growth in the near term.

The chief strategist of qi research pointed to weakness in the job market, with layoffs rising. Interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors.