The possibility of a recession in the United States remains a concern, despite efforts by the Federal Reserve to stabilize the economy through increased interest rates.

While there are no immediate signs of serious recession risk, concerns persist about consumer spending’s ability to sustain economic growth.

Despite expectations of a soft landing with slow GDP growth, factors such as stubborn inflation, high interest rates, increasing debt delinquencies, and rising unemployment rates (4.1% as of June 2024) make it difficult to predict the economy’s ultimate trajectory.