Good News! The Congressional Budget Office Says a Soft Landing Is Here.

The growing swarm of “soft landing” believers recently gained an important new member: the Congressional Budget Office (CBO). Earlier today, the CBO released an economic projections report predicting the U.S. economy will avoid a recession next year. What do you need to know about the latest pressing economic forecast? Well, according to the nonpartisan agency, the U.S. economy will grow at a slightly slower rate in 2024 and experience slightly higher unemployment. Indeed, the CBO estimates the economy will grow 1.5% in 2024, slower than the 2.5% estimate released back in February, citing weakening consumer spending and softening…