The painfully rapid inflation that had kicked off in 2021 appeared to be cooling in earnest, and economic growth had begun to gradually moderate after a series of Federal Reserve interest rate increases.
But 2024 has brought a spate of surprises: The economy is expanding rapidly, job gains are unexpectedly strong and progress on inflation shows signs of stalling.
That could add up to a very different conclusion.
Instead of the "soft landing" that many economists thought was underway a situation in which inflation slows as growth gently calms without a painful recession analysts are increasingly wary that America's economy is not landing at all. Rather than settling down, the economy appears to be booming as prices continue to climb more quickly than usual.
Esta historia es de la edición April 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
'Sunny days' ahead for insurance sector
Brokerages expect FY25 to be better than previous financial year
MFs pruned PSU exposure ahead of election result
Sold shares of 9 PSUs worth ₹9,570 cr in May
Sebi fines PTC arm's brass for lapses in governance
The Securities and Exchange Board of India (Sebi) on Wednesday imposed a penalty of ₹ 35 lakh on PTC India Financial Services' (PFS) chairman Rajib Kumar Mishra and its former managing director and chief executive officer Pawan Singh for alleged lapses in corporate governance.
Nifty hits new peak amid broad-based buying
Benchmark equity indices soared to record highs during the initial hours Wednesday with Nifty settling at all-time high mark of 23,323 amidst gains in heavy-weight stocks like HDFC Bank and Reliance Industries.
Normal monsoon to drive tractor sales; time to buy related stocks?
Hopes of green shoots in the rural economy, led by normal monsoon this season, have turned analysts bullish on tractor stocks.
Groww client base tops 10 million
The active client base of Groww (Nextbillion Technology) crossed the 10 million mark in May.
Ifsca set to clear final norms for direct listing this month
The final regulations for direct listing of unlisted companies at GIFT City will be ready in a month and the International Financial Services Centre (IFSC) may see the first listing within a quarter, said K Rajaraman, chairperson, IFSC Authority.
Pharma's green packaging a prescription for planet
Pharmaceutical (pharma) firms are increasingly adopting sustainable packaging materials to replace traditional ones, aiming to reduce their carbon footprint.
IPL business value soars to $16.4 bn on scoreboard
The business value of the Indian Premier League (IPL) has soared to $16.4 billion in 2024, marking a 6.5 per cent increase over the previous year, according to a report released on Wednesday by global investment banker Houlihan Lokey.
Bank credit growth to ease to 12-14% in FY25: Moody's
The pace of credit growth of commercial banks in India is expected to moderate in the current financial year (FY25) to 12-14 per cent due to challenges in raising resources and regulatory concerns on unsecured credit.
