In 2023, consumers should expect slow economic growth in the face of inflation.

“I think by this time next year, we’ll probably be looking at a 3-4% rate of inflation. And during early ’24, the Fed should be able to, if they keep at it and stick to their guns, they should be able to get it back down into the 2% range in 2024”, John Connaughton, said.

Connaughton, an economics professor at UNC Charlotte’s Belk College of Business, is also the director of the North Carolina Economic Forecast. He warned economic progress won’t be quick.

Moving to Charlotte, North Carolina? Check Out Uptown Charlotte

If you’re interested in moving to Charlotte, North Carolina, you’ve probably already heard the buzz about the city. If you’re looking for a place with plenty of things to do, great schools, and a low cost of living, you’ve come to the right place.

While Charlotte is a large city, it’s also a safe place to live. In fact, a recent study found that crime in the city is on the decline. In addition, the average price of a home in the city is under $220,000. If you’re looking to invest in a property, Charlotte is a great choice.

The Uptown district is the heart of Charlotte’s modern city center. Here, you’ll find a wide variety of restaurants, high-rise condos, museums, and more. The NASCAR Hall of Fame is a popular attraction among both locals and visitors. It’s also home to a bustling banking district.

Uptown is also the location of the University of North Carolina at Charlotte. It’s home to the Levine Museum of the New South, which explores post-Civil War Southern history.

The Uptown district is also home to some of the best restaurants in the area. From Chinese to sushi to Latin American, you’ll find a diverse range of food choices. You’ll even find some of the finest local wines in the city.

The Belk Theater at the Blumenthal Performing Arts Center is one of the most popular venues for live entertainment in Charlotte. This is where the Charlotte Symphony performs, as well as Opera Carolina.