Recession 2024. The reason interest rates remain so high is that inflation surged in 2021 and 2022 and has been slower to fall than it was to rise. That’s why some economists are pleading with the fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the us.
Economists predict another year of slow growth around the world in 2024. With inflation falling, unemployment low and the federal reserve signaling it could soon begin cutting interest rates, forecasters are becoming.