A resection could be expected in the United States by 2024

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History repeats itself and uncertainty returns to the markets with several events on the horizon that could be decisive in continuing with the trend of 2023 or, on the contrary, reaching recession in 2024. The level of interest rates has meant that during the In recent weeks, both institutions and investors have begun to consider whether the recession that everyone predicted for 2024 would occur.

The arrival of a recession once again resounds against all odds in 2023. They have managed to avoid a recession that seemed inevitable with the main world powers such as the United States that were on the ropes due to the problems that were taking place internationally and not to mention the crisis of debt of the United States with which they were on the verge of bankruptcy for the first time in their entire history.

The United States was forced to eliminate the debt ceiling, a measure that has caused American printers to not stop working in recent months, reaching maximum after maximum and making the bubble bigger every day, along with the level of types that we currently have the highest number for more than 20 years.

Most investors expected a new banking crisis or going into recession, however, and to the surprise of many, 2023 has ended up being a fairly positive year for the markets with the sp500 that has accumulated more than 24% rise so far. of the year and already approaching its historical highs, even managing to close last Wednesday above 4700 points for the first time since January 2022.

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The crypto market that with the Euphoria of the ETFs and especially seeing how adoption has been growing we have seen brutal increases with bitcoin rising almost 160% and some of the most important altcoins rising even above 1,000% but we have really managed Dodge the recession or this is going to explode in the coming months.

Right now one of the biggest protagonists is Jerome Powell, the president of the United States Federal Reserve, who with one of his famous speeches and announcements about the evolution of interest rates has investors in suspense about what could happen in 2024 and if we take a look at the last few months, the notable improvement in inflation levels has meant that for the first time in a long time Jiron has not been so rigid with his stance on maintaining such a high level.

In fact, in one of his last meetings he dropped that in 2024 we could begin to have the first drops in rates and inflation continues along the same lines that have been recorded in recent months, a fact that could be very positive for the markets, helping to that the economic pressure will relax a little and thus benefit the markets that could continue with the trend that we have had this year.

However, we must take into account one very, very important thing and that is that there are two totally different points of view with opposing interests. In the first place we have Jerome who is happy because inflation is beginning to approach his target level of 2% but He also does not want to be too optimistic and on the other hand we have the prediction of the markets that are discounting a stronger decline up to five times, a much less subjective measure than that of Jerome, who has many interests behind keeping inflation at bay.

Source of the information:

• https://www.eleconomista.es/economia/noticias/11850055/07/22/Las-firmas-de-inversion-anticipan-una-recesion-a-nivel-global-en-2024.html

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Post written by @joeljaimes1982