THE FED AVOIDED A RECESSION IN 2024. BUT IT COULDN'T SHAKE INFLATION
The Federal Reserve managed to avoid a US recession in 2024.
It achieved a "soft landing" by using high interest rates to reduce inflation without causing major economic problems.
Unemployment increased slightly but stayed manageable.
The economy stayed strong throughout the year.
The Fed started lowering interest rates for the first time in over four years.
However, inflation remained a concern even as the year ended.
