A soft landing is now 'most unlikely scenario' for the US, Apollo's chief economist says
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A soft landing is now 'most unlikely scenario' for the US, with a less than 50% chance of it happening, Apollo's chief economist Torsten Sløk says. The economy is in a fragile equilibrium between easing financial conditions and the lagged effects of the Fed's rate hikes. Sløk believes there is now a higher than 50% chance of either a hard landing or no landing. The easing financial conditions have strengthened the job market, but the lagged effects of the Fed's rate hikes are slowing down consumers, firms, and bank lending. The economy is currently in a precarious balance between these two forces.

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https://www.businessinsider.com/recession-federal-reserve-interest-rates-cuts-soft-landing-us-economy-2024-2