Reported about 6 hours ago
Wilmington Trust's chief economist, Luke Tilley, highlighted that the recent Consumer Price Index and jobless claims data indicate ongoing inflation and some labor market weakness. He suggests that discussions about a 'soft landing' for the economy might be more relevant in past tense now, as inflation rates are stabilizing and unemployment is near normal levels. Despite some economic fluctuations, Tilley argues that the broader economic indicators lean towards a soft landing, though he acknowledges the ongoing risk of a recession.
Source: YAHOO