“The economy in 2024 is on track to be described with a word that hasn’t been applicable yet this decade: Normal,” Axios reports.
“The extraordinary stresses of a pandemic, inflation, war, and the onset of tight money over the last four years have created a collective sense of an economy unmoored. But there is good reason to think 2024 will give way to something less chaotic.”
“Pandemic-disrupted supply chains are pretty much righted. Inflation is already back near normal levels. Labor shortages have eased. The Federal Reserve is poised to cut interest rates next year.”
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