Will Job Market Strength Delay the Inflation Slide?

Published: Feb. 5, 2024, 4:04 p.m.

I think of myself as a pretty punctual person.\xa0 I get impatient when others are late and I don\u2019t give myself much time to spare when catching a flight.\xa0 But sometimes, like when spending time with family, it\u2019s OK to run a little behind schedule.\nOne month into 2024, the economic slowdown appears to be running behind schedule.\xa0 Growth is stronger than expected, the labor market is tighter and our forecast for inflation to hit 2% by the end of the year looks less certain.\xa0 But for investors, it should be all good.\xa0 Our 2.0.2.4. forecast of 2% growth, 0 recessions, inflation falling to 2% and unemployment at around 4% is now looking a little more like 2+.0.2+.4-.\xa0 But it still rounds to 2024, leaving plenty of opportunity for long-term investors.