How will the US economy perform in 2024?
Claudia Sahm (Founder, Sahm Consulting) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss the US economy’s recovery from COVID along with additional shocks and infer the implications of the Federal Reserve’s playbook for 2024.
Sahm’s key points:
- The US economy undeniably turned a corner in 2023
- The US recovery remains stronger than its peer countries
- The Federal Reserve will continue their conservative approach to rate cuts
- The greatest risk to the market in the near future is the Federal Reserve’s sluggish response
Sahm also fields questions on the risk that commercial real estate and regional bank distress poses to the economy, the Federal Reserve’s limits on impacting housing affordability, and more.
More:
https://lusk.usc.edu/perspectives
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