The US economy has clearly been in a league of its own in the post-pandemic era. And 2024 has underlined the exceptional position of the US economy compared to its peers with inflation and employment data broadly surprising to the upside.
The lagging data that is relevant for the National Bureau of Economic Research to make a call on whether the US has entered a recession has remained resilient over the past quarters. Still, a weak GDP print for Q1, the softening of leading indicators and job growth cooling have revived the talk of a potential recession this year.
Meanwhile, inflation has remained elevated and proved more sticky than expected going into 2024. This does pose a conundrum for the Fed looking to fulfill its double mandate of full employment and price stability.
Join macro analyst Boris Kovacevic for the latest on the markets and global economy.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.