2024 Recession Odds: America's CEOs Forecast 84% While Fed Officials Insist 0%, Data Reveals
Portfolio Pulse from Shanthi Rexaline
A survey reveals that while Federal Reserve officials assign a zero probability for a recession over the next 12 months, about 84% of CEOs predict a looming recession. The median GDP forecast for 2023 is 2.1%, with a slowdown to 1.5% in 2024 and a pickup to 1.8% in 2025 and 2026. The SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 0.08% at $425 in premarket trading on Thursday.
October 05, 2023 | 12:09 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 0.08% at $425 in premarket trading on Thursday. The ETF could be impacted by the contrasting views on the probability of a recession.
The SPDR S&P 500 ETF Trust (NYSE:SPY) could be impacted by the contrasting views on the probability of a recession. While the Federal Reserve officials see no chance of a recession, 84% of CEOs predict one. This uncertainty could lead to volatility in the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70