In the current U.S. economy, growth has shown signs of slowing, although the prospects for a severe recession have diminished. GDP is expected to grow by around 1% in 2024, reflecting a moderation from previous years. Despite this, the economy continues to show signs of resilience, with a robust labor market keeping unemployment low, and moderate wage growth.
On the other hand, the Federal Reserve (Fed) is being cautious about future interest rate cuts. Although the market anticipated up to six cuts by 2024, projections now suggest that the Fed could delay this move until the second half of the year, depending on the evolution of inflation and geopolitical risks.
In addition, the housing sector continues to face high costs due to rising mortgage rates, which have reached levels close to 6.5%, affecting housing affordability and slowing the real estate market.
Globally, the U.S. economy also faces uncertainties due to trade tensions and the upcoming presidential election, where tariff and technology regulation policies could alter current dynamics.