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 No soft landing, the US will fall into a recession in late 2024 or early 2025
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The US economy is predicted to fall into a recession in late 2024 or early 2025, according to strategists at BCA Research. They cite data from their kinked Phillips curve framework, which suggests a nonlinear relationship between inflation and unemployment. BCA believes that once full employment is reached, companies can only grow their workforce by attracting employees from other firms, leading to rising wages and prices. They expect the S&P 500 stock market index to drop to 3,750 during the next recession. BCA is now tactically underweight on equities.

#UsEconomy #Recession #BcaResearch #PhillipsCurve #S&p500

https://www.investing.com/news/economy/no-soft-landing-the-us-will-fall-into-a-recession-in-late-2024-or-early-2025-3499200