With a new year beckoning and mixed signals on how the economy is doing, let’s see what the data are telling us about 2024’s prospects and what that means for those holding some of the economic levers at the Federal Reserve.
The economy surpassed expectations in November and added 199,000 jobs, the Bureau of Labor Statistics reported Friday, a sign the labor market is holding up despite the Federal Reserve's efforts this year to bring down inflation through interest rate hikes.