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Tuesday, July 23, 2024

Stop worrying about a recession – jobs are resilient and the Fed will achieve a soft landing, Morgan Stanley’s top economist says

The US will dodge a much-predicted recession thanks to a resilient labor market that has endured the Federal Reserve’s aggressive interest-rate increases, according to Morgan Stanley’s top economist. Seth Carpenter said Monday that he’s anticipating that the central bank will be able to achieve its …

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