No soft landing: The US economy is going to fall into recession in the middle of 2024, Citi's chief economist says
The soft landing dream is over. Instead, the US economy is headed for a recession in the middle of 2024.
“There’s this very powerful and seductive narrative around a soft landing and we’re just not seeing it in the data,” Citi chief economist Andrew Hollenhorst said in a CNBC interview.