See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Wall Street’s last recession holdouts

Posted on AllSides December 14th, 2023
From The Center
FT montage/Dreamstime

Calling for recession is contrarian now

At the start of 2023, it was banal to forecast a near-term recession. Today, it’s a risky call. Most economists now see a soft landing as the likeliest way this cycle ends, for good reason. Inflation keeps surprising to the downside. Consumption has powered through high rates. Behind it all is a rock-solid labour market, which added another 200,000 net jobs in November, 50,000 above consensus estimates. As Claudia Sahm argued in our latest Friday interview, supply improvements foiled recession calls.

Nonetheless, a few...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right