Fitch Ratings Chief Economist Brian Coulton has joined the growing number of experts and sources that no longer expect a recession to happen in 2024, as Reuters reported. In a Wednesday seminar, he attributed the change in projection to signs of strength in the economy.
The December report from the National Association for Business Economics said that three-quarters of its panelists saw the recession risk as less than 50%.
The Federal Reserve's Federal Open Markets Committee minutes had contained mentions of recession possibilities last year until the release of the September meeting's minutes. Since then, there has been no appearance of the word, according to a GlobeSt.com examination.
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