How will the stock market perform in 2024?

It’s difficult to predict how the stock market will perform on a year-to-year basis, but analysts are generally optimistic about the outlook for 2024. The average 12-month analyst price target for the S&P 500 is 5,148, or about 15% above current levels.

What will inflation look like in 2024?

Looking ahead to 2024, the FOMC projects core PCE inflation will continue to improve and average just 2.6% next year and 2.3% in 2025. Inflation is typically a symptom of an overheating economy, so the Fed has been raising interest rates to bring down inflation without cooling the economy so much that it begins to contract.

Will interest rates be high in 2024?

The Federal Open Market Committee projects the U.S. unemployment rate will average a healthy 4.1% in 2024, still well below its long-term average of around 5.7%. Unfortunately, some economists are skeptical that the U.S. can maintain economic growth with interest rates so high.

What is the unemployment rate in 2024?

The unemployment rate has risen to just 3.8%, and the economy has averaged more than 250,000 jobs created per month over the past three months. The Federal Open Market Committee projects the U.S. unemployment rate will average a healthy 4.1% in 2024, still well below its long-term average of around 5.7%.