Definitely maybe: US economy on track for a soft landing?

Q4 global market outlook from our investment consultant and manager Russell Investments

The latest economic data indicates a soft landing for the US economy is likely, but as Oasis declared in the title of their 1994 debut album, it’s definitely maybe. This is because, although inflation is declining, wage growth is moderating and labour market pressures are cooling, recession risks still appear more elevated than normal due to potential lags in the impacts of the Fed’s 2022/23 rate-hiking campaign.

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