Why the Anticipated 2023 Recession Never Came The widely predicted 2023 recession didn’t occur, defying forecasts including those from Federal Reserve economists. Fed Chair Jerome Powell acknowledged the unexpected robust economic performance. This resilience was attributed to the unique challenges posed by the pandemic and the substantial $5 trillion fiscal stimulus. Forecasting difficulties arose from the lack of historical parallels. A key factor was the resilient U.S. consumer, who, buoyed by pandemic-era savings and government support, spent more than anticipated. Revised estimates showed that consumers were in a stronger financial position than previously thought, contributing to higher spending power and averting the anticipated downturn. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Will Gold Hit $2,500? Predictions for a Bright 2024 READ MORE JPMorgan Bullish on Gold: $2,500/oz Target READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Economic Worries Fuel Gold Rush in China Despite Rising Costs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment