Saturday, July 13, 2024

CoBank releases its 2024 ‘Year Ahead Report’

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DENVER — The U.S. economy has remained remarkably steady despite an unrelenting series of shocks over the last three years, CoBank notes. America’s economic resilience was again on display throughout 2023, as the Federal Reserve continued the most aggressive round of interest rate hikes the country has seen in more than 40 years. Steadfast consumer spending has fueled the economy through much of the recent adversity.

However, lingering high prices are expected to take a bigger toll on the economy in 2024, according to a comprehensive year-ahead outlook report from CoBank’s Knowledge Exchange.

“By conventional measures, the. . .

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