The labor market numbers have been strong despite rising interest rates and inflation has been falling (albeit still somewhat high). The signs seem to indicate

The labor market numbers have been strong despite rising interest rates and inflation has been falling (albeit still somewhat high). The signs seem to indicate a soft landing is possible. However: widespread bank failures and panics can change the situation in an instant. If belief in the banking system evaporates, its not just a recession but likely a total meltdown that we’re looking at.