US gross domestic product was up an impressive 2.5% last year, blowing consensus – and our own – expectations out of the water – by strong>Fran Radano, Investment Manager, The North American Income Trust

The US economy surpassed expectations in 2023.

The economy should slow in 2024, and history shows that conditions can deteriorate rapidly. But resilient activity continues to increase the chance of a soft landing, especially if the Fed begins easing soon.