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Day: July 2, 2024
“Prospects for the Economy and Inflation, and What It Means for the Fed and Financial Markets”
Larry Kantor, an economist with extensive experience, discussed the U.S. economy's unexpected resilience despite interest rate hikes, noting that growth accelerated to over 4% in the second half of 2023 while inflation declined to the Federal Reserve's 2% target. He attributed this to the $5 trillion government stimulus during the COVID-19 pandemic, which helped the economy rebound strongly despite initial job losses. Looking ahead to 2024, Kantor expects economic normalization with slower growth, a cooling labor market, and inflation settling in the 3-4% range, potentially leading to one or two quarter-percent rate cuts later this year.
Historical Society Acquires Impressionist John Henry Twachtman Painting
Greenwich Historical Society celebrated the acquisition of an important work of art by American Impressionist painter John Henry Twachtman (1853-1902), a central figure of…
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