How Is The Us Economy Doing In 2024 Today. If this is an economy on the brink of recession, consumers certainly don't see it. retail sales increased 0.1% last month after an upwardly revised 1.1% surge in july, the commerce department's. However, the federal reserve (fed, the us central bank) will continue to try to cool the economy and reduce inflation.

Federal reserve’s monetary policy decision. We expect real gdp growth to walk the line between a slight expansion and contraction for much of next year, also known as a soft landing.