The U.S. economy may not experience a “soft landing” as some predict, with BNY Wealth’s Alicia Levine suggesting a “no-landing” scenario as bank earnings exceed expectations and real GDP growth remains strong at close to 3%. Corporate profits are at record highs, indicating continued economic expansion, according to MRB Partners, which expects solid hiring and capital spending levels to persist. However, potential headwinds could arise if inflation persists and the Fed is unable to cut rates as much as anticipated, impacting the economy and stock market.
Full Article
Loading PerspectiveSplit analysis...
