US Recession Becomes Closer Call as Economists Rethink Forecasts
- Bloomberg survey shows firmer growth through third quarter
- Fed’s preferred inflation gauge seen ending 2024 near 2% goal
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Some of the forecasters who were first out of the box to predict a US recession are starting to hedge their bets as inflation ebbs and the economy remains resilient.
Deutsche Bank Vice Chair of Research Peter Hooper and Fannie Mae chief economist Doug Duncan now say it’s essentially a toss-up whether the economy suffers a recession or enjoys a soft landing and keeps growing, though both still believe a downturn is more likely than not.