What will the U.S. economy look like in 2024? Three of the world’s largest financial firms have a word for it: normal.
In the past two months, Vanguard, LPL Financial and Goldman Sachs have published “outlook” reports, sketching out their predictions for 2024. And in many ways, they’re surprisingly similar: All forecast a stronger, stabler U.S. economy, recovering from some of the strange problems that have dogged it in the post-pandemic era.
Specifically, the firms expect inflation to keep falling, interest rates to inch downward and bond values to come back up. And though they disagree over the likelihood of a recession, all three see a “soft landing” as a strong possibility.
“In 2024, we believe markets will make a definitive turn to a more recognizable place,” LPL wrote. “Where the last two years had investors focused on inflation, market volatility and striving for a sense of…
