For three consecutive quarters, the UCLA Anderson Forecast presented two potential scenarios for the U.S. and California economies. One anticipated aggressive inflation-fighting action by the Federal Reserve that would push the economy into a mild, near-term recession. The other allowed for less impact from the Fed's interest rate increases that would result in a slowing economy and no recession. While many economists held fast to a recession prediction, the Anderson Forecast viewed it as a 50-50 proposition.

https://www.miragenews.com/economists-predict-weak-2024-us-economy-no-1097403/

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