Is the US Economy Headed for a Soft Landing?
Despite the confidence with which many analysts proclaim that a severe recession is inevitable, there is no reason to assume that the US economy will experience a major downturn this year or in 2024. While inflation is still above the Federal Reserve’s 2% target, it could stabilize at 3-4% over the next 12 months.
CAMBRIDGE – A skydiver leaps out of an airplane and discovers that his parachute will not open. On his way down, he encounters a hang glider who asks him how he is doing. The free-falling man shouts back, “Okay, so far!”