Fresh economic data from the U.S. showed a resilient economy that, with luck, might eventually defy predictions of recession.
Recession, recession, recession. The calls are getting so loud you'd still hear them even if you covered your ears.
JPMorgan Chase's top strategist Marko Kolanovic: "We expect a more challenging backdrop for stocks … given the decelerating economy and a likely recession starting in 4Q23/1Q24." Yet fresh economic data from the U.S. showed a resilient economy that, with luck, might eventually defy those predictions. All those data show that the U.S. consumer isn't yet buckling under higher interest rates and dimmer economic prospects.
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