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Beware Wishful Thinking About Inflation and Recession
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Inflation has peaked. The Fed’s tightening has accomplished its mission. Strong labor market and consumer fundamentals will keep any recession mild.
These are among the story lines providing a tailwind to stocks in recent weeks. They feed hopes the Federal Reserve has achieved a soft landing: bringing inflation down to 2% without pushing up unemployment or tipping the economy into recession.
Read more on wsj.comAbout this in other media
US economy shrinks in second quarter, signaling unofficial start of recession theguardian.com /2 years ago
Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession cnbc.com /2 years ago
Inventory Swing is a Key Culprit Behind U.S. Recession Talk wsj.com /2 years ago
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