The case for a 2023 US recession is crumbling
https://www.cnn.com/2023/06/05/econo...ces/index.html
Quote:
Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy.
The thinking was that the US economy would grind to a halt because the Federal Reserve was effectively slamming the brakes to squash inflation. Businesses would lay off workers and inflation-weary Americans would slash spending.
But the case for a 2023 US recession is crumbling for a simple reason: America’s jobs market is way too strong.
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Oops, there goes your narrative, Whell. Sorry!
