Fortune Apr. 15, 2024

U.S. GDP growth isn’t cooling off after all—expect more jobs, more inflation, and fewer rate cuts, Wells Fargo says

Not long ago, most economists and Wall Street analysts had a recession penciled into their economic forecasts for the U.S.: Stubborn inflation, rising interest rates, and foreign wars were sure to weigh on the economy until it cracked, they said. But throughout last year, a new narrative developed in the world of finance. With consumers proving their resilience to higher interest

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