CBO Forecasts Soft Landing

The Congressional Budget Office forecasts U.S. economic growth “will exceed 3% in 2022, while roaring inflation has topped and will cool each month to around 2% by some point in 2024,” CNBC reports.

“The upbeat tone of the report appeared to include an implicit prediction that the Federal Reserve, the nation’s central bank in charge of managing inflation, will be able to raise interest rates throughout 2022 and 2023 without tipping the U.S. economy into a recession.”