“All the signs are pointing to a higher, not a lower, probability of a soft landing,” said Alan Blinder, a Princeton University economist who formerly served as vice chair of the Federal Reserve.
File - A hiring sign is displayed at a job agency in Mount Prospect, Ill., Thursday, Jan. 3, 2023. An economic downturn remains very possible. Yet in recent weeks, with inflation showing widespread signs of easing, a more cheerful view has begun to gain traction: Maybe a recession isn't inevitable after all.
On Thursday, the government is expected to issue another mild report on inflation, which would boost hopes that the Fed might decide to pause its rate hikes sooner than has been expected. In the meantime, the job market — the most important pillar of the economy — remains remarkably sturdy.
The inflation slowdown stems from a range of factors, including cheaper gas, the unraveling of supply chain snarls and smaller profit margins among many retailers.
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