Odds of U.S. recession declining: NABE economists
Published On Jan 27, 2025, 6:00 AM
The U.S. economy shows stability as it enters 2025, with the National Association of Business Economics (NABE) indicating decreasing chances of a recession. New President Donald Trump has initiated pro-business executive orders focusing on cryptocurrency, easing energy restrictions, and cutting federal hiring, complemented by a major $500 billion investment in artificial intelligence from tech giants. Inflation remains a concern, with expectations of rising prices, despite being below previous highs. The upcoming Fed meeting is anticipated to keep interest rates steady.
Stock Forecasts
QQQ
Positive
With the U.S. economy showing signs of strength and Trump's pro-business policies potentially stimulating growth, sectors like technology and energy could benefit. The $500 billion AI investment indicates robust support for innovation, which is likely to have a positive effect on tech stocks.
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