Recession 2024 When Will It Started. A later recession is most likely, one beginning in late 2023 or early 2024. Inflation almost back to the target rate of 2 percent and weakening in the real economy.

In early 2023, with high inflation and rising mortgage rates, there was all but a consensus that the united states would experience a recession by the end of the year. The federal reserve raised interest rates in june by 75 basis.