The U.S. economy is on track to avoid a recession next year as inflation returns to normal, according to new economic projections released by the Congressional Budget Office. Why it matters: The nonpartisan agency expects more moderate economic conditions in 2024 — including slower growth and higher jobless rates — than previously anticipated. But its projections suggest America will skirt an all-out contraction in growth. • The CBO notes that its projections "are highly uncertain and many factors could lead to different outcomes." By the numbers: The CBO projects the economy will grow 1.5% in 2024 — a slower ... (full story)