The US economy has defied recession. What now?

The risk of a U.S. recession has notably decreased in 2024, and this is encouraging for equity markets in the near term. However, equity and credit risk markets are pricing in a great deal of optimism that the current regime of robust growth and disinflation will persist. Given this backdrop, focusing on reasonably priced companies demonstrating durable growth, and supported by solid fundamentals, seems appropriate, says T. Rowe Price. Read more.