Flavor Of Croissants: An Analysis Of Why We Still Remain Cautious About Economic Outlook
Vlad Antonov/iStock via Getty Images Executive summary: The Federal Reserve (the Fed) has made some relatively painless progress thus far in its inflation fight. Some other prominent economists have walked back their forecast for a near-term recession. However, we believe a mild-to-moderate recession in the U.S. and other major developed market economies (e.g., Canada, the…