Do you agree with growing sentiment that the U.S. may avoid what once looked like a near-certain recession?

AN AMAZON Prime delivery person struggles with packages while making a stop at a high-rise apartment building in Denver. The Federal Reserve's preferred inflation measure cooled in October, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. / ASSOCIATED PRESS FILE PHOTO / DAVID ZALUBOWSKI

The general sentiment among economists over the past year was that it was a near certainty that the U.S. would fall into a recession at some point in 2023 or soon after.

In recent months, however, that sentiment has begun to shift, with more economists, banking and political leaders now predicting a recession is likely to be avoided.

Declining inflation is one reason for the renewed optimism.

Federal Reserve Board of Governors member Christopher Waller on Nov. 28 said the Fed could cut its benchmark interest rate as early as spring if inflation keeps declining.

- Advertisement -

Other good economic news includes recent drops in U.S. mortgage rates.

But consumer and government debt continue to rise, and locally, the unemployment rate increased in the Providence-Warwick metropolitan area in October.

Do you agree with growing sentiment that the U.S. may avoid what once looked like a near-certain recession?

No posts to display