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US economy - soft landing or crash landing?

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12 July 2024: US economy – soft landing or crash landing?

Many economic indicators in the US have recently disappointed. Some sentiment indicators in particular have slumped. However, a recession is unlikely. This is because financing conditions have recently improved again for most sectors and strong immigration is helping to cool the labor market and support private consumption. Nevertheless, the economy is likely to expand only moderately for the time being, to which the Fed will probably respond by cutting interest rates towards the end of the year.