WSJ's Take On the Week
Take On the Year: What to Expect in Markets and Money in 2024
Dec 31, 2023
In this podcast, experts discuss what to expect in the markets and money in 2024, including trends in inflation, interest rates, and the housing market. They also touch on predictions, concerns, company spending, and the importance of diversification in portfolios. Additionally, they highlight the significance of disclosures, trends in mortgage rates and home prices, and the Fed's response to increased bankruptcy filings among small and medium-sized businesses.
21:27
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Quick takeaways
- The US economy experienced strong growth in 2023, with unemployment rates below 4% and a significant decrease in inflation by the end of the year, while experts predict a trend growth rate of around 2% and a low probability of recession for 2024.
- Diversification and international investments are crucial for investors in 2024, as the decline in the value of the dollar, resulting from the Federal Reserve lowering interest rates, could potentially amplify returns for international stocks, highlighting the importance of diversifying portfolios with growth and value assets.
Deep dives
Outlook for 2024: Economic Growth, Inflation, and Unemployment
In 2023, the US economy experienced strong economic growth and saw unemployment rates consistently below 4%. Inflation, which had been a concern, decreased significantly by the end of the year. Looking ahead to 2024, experts predict a trend growth rate of around 2% and a low probability of recession. However, potential risks should be monitored, as an exogenous slowdown in sales growth and the possibility of inflation impacting the market may pose challenges.
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