60 business days from today is October 16, 2023. It’s a long way off, but it’s never too early to start planning for what’s to come. Here are a few things you can expect in the next 60 business days:
- The economy is likely to continue to grow, but at a slower pace. The Federal Reserve is expected to continue raising interest rates in an effort to combat patharkandicollege This could dampen economic growth, but it’s unlikely to lead to a recession.
- The labor market is still tight, but there are some signs of moderation. The unemployment rate is near a 50-year low, and wages are rising. However, job postings are starting to decline, and some companies are slowing hiring.
- The war in Ukraine is likely to continue to have a significant impact on the global economy. The war has caused energy prices to soar and disrupted supply chains. This has led to higher inflation and slower economic growth around the world.
Here are some specific events that could happen in the next 60 business days:
- The Federal Reserve could raise interest rates by another 0.75%. This would be the third consecutive rate hike of that magnitude.
- The US could announce a new round of sanctions against Russia. This could further disrupt energy supplies and lead to higher inflation.
- The Chinese economy could slow down more sharply than expected. This could lead to a decline in global demand for goods and services.
Overall, the outlook for the next 60 business days is mixed. The economy is likely to continue to grow, but at a slower pace. The labor market is still tight, but there are some signs of moderation The war in Ukraine is likely to continue to have a significant impact on the global economy.
Here are some things you can do to prepare for the next 60 business days:
- Review your budget and make sure you’re prepared for higher inflation.
- Talk to your financial advisor about your investment strategy.
- Update your resume and start networking if you’re thinking about changing jobs.
- Be prepared for disruptions to your supply chain.
