From Fortune:



Wall Street is hopeful about the economic future in 2024. After dealing with a series of economic challenges in recent years, such as the pandemic and inflation, it seems that stability is on the horizon. However, while the outlook is positive overall, some adverse conditions, such as inflation, higher rates, and labor market shifts, are expected to persist. These shifts are driving an economic “normalization” that is impacting sectors like the labor market and the luxury goods industry. Wall Street experts and analysts are optimistic about the country’s economic recovery but warn that the new normal is not without its challenges and variables. The future economic situation will depend in part on the government’s approach to managing inflation and other pressures.

There is a sense of anticipation for the return to “normal” economic conditions in 2024, although experts are cautious about what exactly that “normal” will look like. Government support programs that have been sustaining the economy may be reduced, contributing to a return to pre-pandemic economic conditions. However, with changing trends in consumer spending and labor force participation, the situation is complex and dynamic. The new challenges of geopolitical tensions and a shift away from a literal interpretation of the 2% inflation target represent some uncertainty in the economic future.



Read more: Goldman Sachs, JPMorgan, Bank of America, UBS on normalization in 2024