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Posts tagged as “Shaky banking sector”

Buckle Up for a Bumpy 2024, Economists Say

The U.S. economy embarked on a rollercoaster ride in 2023, grappling with high inflation, soaring interest rates, wars abroad, and a shaky banking sector. This time last year, the U.S. economy was bracing for an impending recession. Concerns about a recession persisted through 2023, particularly following the banking turmoil in the second quarter, which witnessed a 1930s-style bank run on Silicon Valley and First Republic Banks. The Federal Reserve intervened with emergency measures, and as a result, bank liquidity recovered and financial and credit markets soon normalized, as if the crisis had never happened.

Buckle Up for a Bumpy 2024, Economists Say

January 12, 2024

Inflation, interest rates, tight housing supply, and an election year: Analysts are divided on which direction the economy will shake out this year. By Emel Akan…

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