Many economists now say the U.S. will avoid a recession, according to results of The Wall Street Journal's latest quarterly survey. Results of the Oct. 6-11 survey also show that business and academic economists say the Federal Reserve is done raising interest rates and inflation will continue to ease, the Journal reported. The latest survey shows that economists expect the economy to keep growing in 2024 and 2025, with a relatively low unemployment rate hovering just above 4%. The Fed is done raising rates in its current cycle of interest-rate increases, according to nearly 60% of economists. About 23% of economists expect the Fed’s final increase to come in November, and another 11% saying December.

Source: Wall Street Journal October 15, 2023 16:19 UTC