Recently, investment banks Morgan Stanley and Goldman Sachs have updated their economic growth forecasts for the United States, citing the impact of tariff policies and tight labor market conditions. These changes in expectations could significantly affect financial markets and the country's economic policy.
As 2024 draws to a close, the U.S. economy is ending the year on a stable and high note, showcasing a solid foundation and a confident consumer sector. These factors provide the Federal Reserve with a robust rationale to maintain interest rates at their current levels. Strong consumer spending continues to support economic growth, which stands out amid global economic weaknesses.