Cooling inflation, the potential for the Federal Reserve to avoid further interest rate hikes, the optimistic outlook for the stock market, and the economy for the remainder of 2023 into 2024 could have positive implications for job seekers. A positive stock market and economic outlook can lead to increased business confidence and investment, potentially resulting in job market expansion. Employers may be more inclined to hire and invest in talent as economic conditions improve. As the economy and stock market improve, growth can create opportunities for job seekers, as companies may seek to expand their workforce and invest in innovation to meet growing demand and capitalize on market opportunities. This could lead to a more favorable environment for job seekers, with increased job openings and potential for career advancement. A strong economy and job market can lead to increased wage growth and improved benefits for employees. As companies compete for talent in a growing economy, they offer more competitive compensation packages and benefits to attract and retain skilled workers. Top-tier investment banks Goldman Sachs and Morgan Stanley forecasted that the United States economy will improve into 2024. In a Wednesday note to clients, Goldman Sachs said, “We forecast the S&P 500 index will end 2024 at 4700, representing a 12-month price gain of 5% and a total return of 6% including dividends.” The bank added, “Our baseline assumption during the next year is the U.S. economy continues to expand at a modest pace and avoids a recession, earnings rise by 5%, and the valuation of the equity market equals 18x, close to the current [price-to-earnings] level.” Morgan Stanley said on Monday that it expects the S&P 500 to end 2024 at 4,500 and predicted earnings recovery through the year. The target represents a 2% upside from current levels. Despite concerns about a potential recession, economic indicators such as GDP and employment have shown resilience, leading to a more optimistic outlook for the stock market and the economy. - Jack Kelly https://www.forbes.com/sites/jackkelly/2023/11/18/heres-why-the-job-market-will-improve-in-2024/?sh=2d156c8639ea
keep dreaming bro
I'm open minded, what do you think will happen in 2024?
It just gets worse from here onwards.
Don't trust these arm chair analyst fuckrs. They change their narrative at the snap of a finger. Anything can happen. My take, however, is that if people think that inflation is over and get a feeling that we can spend/invest again then the deflation is transitory. Fed might keep the rates steady but ain't cutting them any time now. That high rates won't allow negative profit companies to expand easily. Inflation is down only in consumer durables. It needs to come down in core services.
Some politician will come in and cut them, leading to a great short term economic boom, followed by years of inflation like we've seen. People will then blame their successor for the hardship
Not if the fed can help it. Market is still far too hot and unemployment far too low. We need a lot more job loss to stabilize.
I keep hearing that unemployment is too low. I slept through macroeconomics, can you please tell me why we need more unemployment for economic improvement?
Google.com. tldr when employment is too high it means too many open iobs and inflation. A healthy economy needs velocity and movement. We need to reduce jobs by roughly 2m which is why the fed is raising rates.