Bob Doll’s forecasts for 2024
Bob Doll has released his annual list of predictions, and his theme for 2024 is, “The Fed calls the shots.”
Doll, chief investment officer at Crossmark Global Investments, writes that the big question for this year is whether the Federal Reserve and other central banks “can continue the landing of the plane (soft landing) without a crash (recession).”
He said while the consensus forecast sees a “Goldilocks” scenario of “a soft economic landing” together with “a continued decline in inflation,” he’s skeptical.
The risks are “more symmetric: the risk of inflation remaining sticky and above target, and the risk of weaker economic activity exists as well,” Doll said.
Click through to see Doll’s forecasts for this year. You can see his predictions for last year here.