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Economic outlook: U.S. is being set up to fade in 2024, Economist says
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The U.S. economy is facing challenges from several headline events — including an imminent government shutdown and labor and energy pressures — while still facing down a possible recession. PIMCO Managing Director and Economist Tiffany Wilding joins Yahoo Finance Live to discuss the U.S. economy's outlook amid the multitude of headwinds. "The United States core PCE inflation was actually around 6% when the Fed started hiking interest rates," Wilding explains. "Looking back in time, when you've had rate hiking cycles that have started like that... it doesn't tend to end with the economy expanding — it tends to end unfortunately in some sort of recession. Now that recession could be mild." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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