5 spending predictions for 2024
Like the three years before it, 2023 proved to be an eventful and unpredictable year.
Conflicts in Gaza and the Ukraine led the headlines, while feel-good pop culture stories like “Barbie-heimer” and the massive Taylor Swift and Beyonce tours have drawn consumers back to movie theaters and concert venues in force.
The initial shock of the COVID pandemic is in our rearview mirror, although variants of the virus are still circulating and remain a concern to many, along with seasonal viruses like RSV and flu.
On the economic front, concerns with inflation and supply shortages lessened and the Federal Reserve raised rates aggressively through the first half of the year, in an effort to keep the economy on a smooth glidepath.
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