While the prospects for a ‘soft landing’ have risen, The Conference Board believes it is more probable that the US economy will slip into a short and shallow recession in early 2024. Consumer spending was strong over the summer period but is beginning to cool. Moderating real income gains, falling savings and rising debt will likely further curb consumer spending heading into 2024. US labor market tightness is moderating according to the November jobs report. As the economy cools in early 2024 so too will the labor market. On inflation, progress is being made, but the path to 2% will be long and bumpy. We believe the Fed Funds Rate has peaked, but don’t foresee any cuts until mid-2024.
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Economy Watch: US View (August 2025)
August 11, 2025
Economy Watch: US View (July 2025)
July 17, 2025
Economy Watch: US View (June 2025)
June 13, 2025
Economy Watch: US View (September 2024)
September 20, 2024
Economy Watch: US View (August 2024)
August 19, 2024
Economy Watch: US View (July 2024)
July 26, 2024
Charts
The Gray Swans Tool helps C-suite executives better navigate today’s quickly developing economic, political, and technological environments.
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Preliminary PMI indices show no change in weak DM growth momentum in November
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How Might the World Fall Back into Recession?
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Passing increases downstream, cutting costs, and absorbing price increases into profit margins are the chief ways to manage rising input costs. Few see changing
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Downgraded global GDP forecast, but no recession expected
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US continues to lead global productivity race
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The Global Economic Fallout of the Ukraine Invasion
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The global supply chain disruption associated with the COVID-19 pandemic has resulted in production delays, shortages, and a spike in inflation in world.
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The Conference Board recently released its updated 2022 Global Economic Outlook.
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The LEI for Germany Flat in June
August 13, 2025
PRESS RELEASE
LEI for Japan Increased in June
August 12, 2025
PRESS RELEASE
LEI for Spain Held Steady in June
August 08, 2025
PRESS RELEASE
Confidence Revived in Q3 but CEOs Remain Cautious
August 07, 2025
PRESS RELEASE
US Consumer Confidence Inched Up in July
July 29, 2025
PRESS RELEASE
LEI for the Global Economy was Flat in May and Decreased in June
July 29, 2025
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Global growth is expected to slow over the next decade relative to the prior ten years.
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